Buy the DIP, and HODL!

[Powerjumboo]

in my opinion if a new Investor is coming into investing bitcoin it is advisable to take your time and get yourself prepared before investing, jumping into bitcoin investment without laying down plans on how to manage your bitcoin investment may cause you to sell your bitcoin at early stage of accumulation, and emergency fund is also Very important for an inventor to set up to enable him or her  run a smooth bitcoin investment journey for long term.

A person is constantly spending his money, whether it is to meet family needs or to fulfill his own desires, he also spends extra money. Of course, you should dedicate yourself to Bitcoin investment because preparation always gives you peace of mind, if you manage your life properly, then you can spend it on Bitcoin investment by excluding additional expenses. Of course, this money will be deposited as Bitcoin in the form of deposits, have you ever noticed? How much money do you spend every day.
If you keep these funds structured and deposit them in Bitcoin at the end of the week, then your Bitcoin investment will definitely be successful, only if you have the strategy and the desire to invest in Bitcoin and the ability to take risks, this plays the most important role. If you deposit $ 10 to $ 20 every week, then you will have a large portfolio at the end of the year.

Those who have enough experience and skills in investing should definitely invest in Bitcoin. Now, a family must spend money to meet its needs. If no money is spent to meet its needs, then managing a family will become difficult. It is not possible to calculate that family expense with Bitcoin investment, of course, you have to spend to live fully. Now, it is not possible to invest completely in Bitcoin from what I earn. I am planning to keep 20% of my income for Bitcoin investment and I am keeping the entire amount I earn from the Bitcoin forum as Bitcoin investment.

However, I have decided to use the DCA method for the 20% of my income that I plan to keep. I have not decided to wait for the market to fall. As soon as I get my income, I will put 20 percent of it into my Bitcoin investment. However, I think that all those who invest or are preparing to invest should not invest their entire income, but should use a sufficient amount of income that is not an emergency fund, such that the money invested in Bitcoin can be held for the long term.

However, it is very important for everyone to have a stable income because a stable income will play a very important role for Bitcoin investment and buying Bitcoin through the DCA method.

[Futurexxx]

There is no need to create an emergency fund before investing. Because if you are not investing, then in my opinion, an emergency fund is of little importance. Invest first and then gradually build an emergency fund. Or if you have the money to create an emergency fund, then immediately create it as soon as you invest. Try to keep 3 times your disposable income in an emergency fund.

I personally think that whether you invest or not you need to have an emergency fund. Because at any moment you may fall into danger, you will need money to face the danger. It's not that only those investing in Bitcoin should have an emergency fund, everyone should have an emergency fund. Now it can be said that those who invest in risky sectors like Bitcoin, in this case emergency fund should be given more importance, you must have emergency fund. Now if you invest in Bitcoin, if you don't have an emergency fund, it will be difficult to hold the investment for long.

One of the reasons why it is emphasized that a Bitcoin investor should have emergency funds, is not just for the mere fact that everybody should have emergency funds, is basically because hence your faced with a little short coming or challenges, instead of dipping your hands into your investment it is rather you beckon to your emergency funds.

We know that there are individuals that just have a emergency funds they just kept, sometimes as their savings, they are not under any pressure or investment obligation, so their psychology and way of thinking is totally different from that of an investor. An investor must make sure he strikes a balance with his discretionary income, his emergency funds and his investment funds at all times.

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.

[cxtreenal]

I dont agree with you. You should definitely have an emergency fund for unexpected events that may happen. If not, you are just going to take your investment later on to attend to the emergency. A 2-6 months emergencies is enough to start an investment you dont need to gather all the money in the world. The reason for having emergency funds is to play it safe while you are starting your investment. There is no certainty of any bad happening but what if? That is the question you should be asking yourself. Because we dont know the future so to avoid any investment mistake why not have an emergency fund. After 2 months you can start your investment but still have it in mind that if you are not satisfied with the amount you have in your emergency fund you can put more funds there.

For the initial stage I think there is no need to think about managing emergency funds because we need to adapt to ourselves in running investments. If we are able to adjust well I think the next step is of course we will get used to thinking about better strategies in perfecting the investments we make.

An emergency fund is necessary for long-term Bitcoin investment. Someone may be so poor that their discretionary income is very limited and they save a small amount of Bitcoin for the future. It may be difficult for them to raise an emergency fund. They should try to diversify their income sources or increase the amount of income they currently have. Need for an emergency fund should be partially mandatory because you should take your Bitcoin savings to a level where there is a possibility of high profits for 4-10 years. Need for an emergency fund is much more important to perfect your long-term Bitcoin journey.

[bitzizzix]

I dont agree with you. You should definitely have an emergency fund for unexpected events that may happen. If not, you are just going to take your investment later on to attend to the emergency. A 2-6 months emergencies is enough to start an investment you dont need to gather all the money in the world. The reason for having emergency funds is to play it safe while you are starting your investment. There is no certainty of any bad happening but what if? That is the question you should be asking yourself. Because we dont know the future so to avoid any investment mistake why not have an emergency fund. After 2 months you can start your investment but still have it in mind that if you are not satisfied with the amount you have in your emergency fund you can put more funds there.

For the initial stage I think there is no need to think about managing emergency funds because we need to adapt to ourselves in running investments. If we are able to adjust well I think the next step is of course we will get used to thinking about better strategies in perfecting the investments we make.

An emergency fund is necessary for long-term Bitcoin investment. Someone may be so poor that their discretionary income is very limited and they save a small amount of Bitcoin for the future. It may be difficult for them to raise an emergency fund. They should try to diversify their income sources or increase the amount of income they currently have. Need for an emergency fund should be partially mandatory because you should take your Bitcoin savings to a level where there is a possibility of high profits for 4-10 years. Need for an emergency fund is much more important to perfect your long-term Bitcoin journey.

If there is a motivation to profit from Bitcoin with a long-term method, then this situation will not be a barrier to continue buying Bitcoin and also trying to provide emergency funds that must be done periodically with the spirit of looking for additional income or looking for a side job so that everything can be fulfilled.

And this is a good or positive thing because motivation can make you more creative in terms of income, so that those who can do everything because they are motivated by the benefits of Bitcoin who believe in the long term will change their lives and will try and continue to try so that everything goes well.

[Zackz5000]

I dont agree with you. You should definitely have an emergency fund for unexpected events that may happen. If not, you are just going to take your investment later on to attend to the emergency. A 2-6 months emergencies is enough to start an investment you dont need to gather all the money in the world. The reason for having emergency funds is to play it safe while you are starting your investment. There is no certainty of any bad happening but what if? That is the question you should be asking yourself. Because we dont know the future so to avoid any investment mistake why not have an emergency fund. After 2 months you can start your investment but still have it in mind that if you are not satisfied with the amount you have in your emergency fund you can put more funds there.

For the initial stage I think there is no need to think about managing emergency funds because we need to adapt to ourselves in running investments. If we are able to adjust well I think the next step is of course we will get used to thinking about better strategies in perfecting the investments we make.

An emergency fund is necessary for long-term Bitcoin investment. Someone may be so poor that their discretionary income is very limited and they save a small amount of Bitcoin for the future. It may be difficult for them to raise an emergency fund. They should try to diversify their income sources or increase the amount of income they currently have. Need for an emergency fund should be partially mandatory because you should take your Bitcoin savings to a level where there is a possibility of high profits for 4-10 years. Need for an emergency fund is much more important to perfect your long-term Bitcoin journey.

Having an emergency fund is good so you won't sell out your Bitcoin in a short while when what you didn't expect comes up but what is much more important is having your discretionary income and then get started, if you have your discretionary income ready you can get started in accumulating Bitcoin and along the you can be building your emergency fund along your accumulation process.

You can be waiting to sort out your emergency fund before getting started while your discretionary income is been tempered with maybe by other family challenge and you may end up not starting your bitcoin investment so it is most important to get your BTC investment started when your discretionary income is available.

[GIF-JOBS]

I dont agree with you. You should definitely have an emergency fund for unexpected events that may happen. If not, you are just going to take your investment later on to attend to the emergency. A 2-6 months emergencies is enough to start an investment you dont need to gather all the money in the world. The reason for having emergency funds is to play it safe while you are starting your investment. There is no certainty of any bad happening but what if? That is the question you should be asking yourself. Because we dont know the future so to avoid any investment mistake why not have an emergency fund. After 2 months you can start your investment but still have it in mind that if you are not satisfied with the amount you have in your emergency fund you can put more funds there.

For the initial stage I think there is no need to think about managing emergency funds because we need to adapt to ourselves in running investments. If we are able to adjust well I think the next step is of course we will get used to thinking about better strategies in perfecting the investments we make.

An emergency fund is necessary for long-term Bitcoin investment. Someone may be so poor that their discretionary income is very limited and they save a small amount of Bitcoin for the future. It may be difficult for them to raise an emergency fund. They should try to diversify their income sources or increase the amount of income they currently have. Need for an emergency fund should be partially mandatory because you should take your Bitcoin savings to a level where there is a possibility of high profits for 4-10 years. Need for an emergency fund is much more important to perfect your long-term Bitcoin journey.

Since bitcoin is a long-term asset, it should be mandatory to hold it for the long term if you invest in bitcoin. Because it is very uncertain to expect anything good from bitcoin without long-term holding, but long-term holding is much more difficult, there are unexpected financial crises in every person's life, and it can happen at any time, so if you save it, it will be much more effective in maintaining your financial stability in the long term. Especially to ensure that the bitcoin investment is kept uninterrupted for the next 8/10 years, an emergency fund is definitely needed.

[JayJuanGee]

[edited out]

Those who uthave enough experience and skills in investing should definitely invest in Bitcoin. Now, a family must spend money to meet its needs. If no money is spent to meet its needs, then managing a family will become difficult. It is not possible to calculate that family expense with Bitcoin investment, of course, you have to spend to live fully. Now, it is not possible to invest completely in Bitcoin from what I earn. I am planning to keep 20% of my income for Bitcoin investment and I am keeping the entire amount I earn from the Bitcoin forum as Bitcoin investment.

However, I have decided to use the DCA method for the 20% of my income that I plan to keep. I have not decided to wait for the market to fall. As soon as I get my income, I will put 20 percent of it into my Bitcoin investment. However, I think that all those who invest or are preparing to invest should not invest their entire income, but should use a sufficient amount of income that is not an emergency fund, such that the money invested in Bitcoin can be held for the long term.

However, it is very important for everyone to have a stable income because a stable income will play a very important role for Bitcoin investment and buying Bitcoin through the DCA method.

It is o.k. to invest 20% of your income into bitcoin as long as you are investing from discretionary income.

it is a better practice to account for your expenses first, yet if you are sure that at least 20% of your income is going to be discretionary income, then there is no problem to invest 20% into bitcoin.

Also, if you have back up funds, such as an emergency funds and reserve funds, then those could save you if you make a mistake by accidentally investing too much into bitcoin in any given pay period.

[Justbillywitt]

There is no need to create an emergency fund before investing. Because if you are not investing, then in my opinion, an emergency fund is of little importance. Invest first and then gradually build an emergency fund. Or if you have the money to create an emergency fund, then immediately create it as soon as you invest. Try to keep 3 times your disposable income in an emergency fund.

I dont agree with you. You should definitely have an emergency fund for unexpected events that may happen. If not, you are just going to take your investment later on to attend to the emergency. A 2-6 months emergencies is enough to start an investment you dont need to gather all the money in the world. The reason for having emergency funds is to play it safe while you are starting your investment. There is no certainty of any bad happening but what if? That is the question you should be asking yourself. Because we dont know the future so to avoid any investment mistake why not have an emergency fund. After 2 months you can start your investment but still have it in mind that if you are not satisfied with the amount you have in your emergency fund you can put more funds there.

Why waste two months that's supposed to be  aimed at accumulation in building emergency funds, and neglect the actual accumulation that you are supposed to be doing. Emergency funds is important to have while you are investing in bitcoin. But instead of spending months of building this emergency funds, you can do it side by side along side with your bitcoin accumulation, if you don't have the bulk amount to deposit in your emergency funds account at once. Some investors make the mistake of channeling their energy in doing things which they can do later during the course of their investment, and pay less attention to what needed the most attention from the beginning.

[Victorybit1]

There is no need to create an emergency fund before investing. Because if you are not investing, then in my opinion, an emergency fund is of little importance. Invest first and then gradually build an emergency fund. Or if you have the money to create an emergency fund, then immediately create it as soon as you invest. Try to keep 3 times your disposable income in an emergency fund.

I dont agree with you. You should definitely have an emergency fund for unexpected events that may happen. If not, you are just going to take your investment later on to attend to the emergency. A 2-6 months emergencies is enough to start an investment you dont need to gather all the money in the world. The reason for having emergency funds is to play it safe while you are starting your investment. There is no certainty of any bad happening but what if? That is the question you should be asking yourself. Because we dont know the future so to avoid any investment mistake why not have an emergency fund. After 2 months you can start your investment but still have it in mind that if you are not satisfied with the amount you have in your emergency fund you can put more funds there.

Why waste two months that's supposed to be  aimed at accumulation in building emergency funds, and neglect the actual accumulation that you are supposed to be doing. Emergency funds is important to have while you are investing in bitcoin. But instead of spending months of building this emergency funds, you can do it side by side along side with your bitcoin accumulation, if you don't have the bulk amount to deposit in your emergency funds account at once. Some investors make the mistake of channeling their energy in doing things which they can do later during the course of their investment, and pay less attention to what needed the most attention from the beginning.

Sometimes because of the consciousness of actually getting everything right you will probably end up not getting it right and this is what so many investor do. Self delay and doubt is probably why an investor would have to wait so long in the act of preparing for the actual journey when if he starts the course he can careful get the need parts done like your emergency funds, it all lies on how precise and discreet you are when you have started so that you won't miss your steps or get everything tangled up.

[ginsan]

An emergency fund is necessary for long-term Bitcoin investment. Someone may be so poor that their discretionary income is very limited and they save a small amount of Bitcoin for the future. It may be difficult for them to raise an emergency fund. They should try to diversify their income sources or increase the amount of income they currently have. Need for an emergency fund should be partially mandatory because you should take your Bitcoin savings to a level where there is a possibility of high profits for 4-10 years. Need for an emergency fund is much more important to perfect your long-term Bitcoin journey.

What you said is true, but in my previous post if we are at the beginning of investment of course we continue to buy bitcoin while learning about the right way to invest in bitcoin. Emergency funds are certainly needed because we can use these funds when we lose our jobs so we don't have to sell bitcoin for our daily needs.

Investing in bitcoin with a good pattern of course there are several patterns that are considered.

Preparation of a budget that can be spent or discretionary income.

Have a fixed income every month for the smooth running of the investment we make.
Avoid mistakes by learning to get closer to the investment we make.
Provide self-satisfaction if one day we reach the peak or the last stage in the purchase made.

[ultrloa]

There is no need to create an emergency fund before investing. Because if you are not investing, then in my opinion, an emergency fund is of little importance. Invest first and then gradually build an emergency fund. Or if you have the money to create an emergency fund, then immediately create it as soon as you invest. Try to keep 3 times your disposable income in an emergency fund.

I dont agree with you. You should definitely have an emergency fund for unexpected events that may happen. If not, you are just going to take your investment later on to attend to the emergency. A 2-6 months emergencies is enough to start an investment you dont need to gather all the money in the world. The reason for having emergency funds is to play it safe while you are starting your investment. There is no certainty of any bad happening but what if? That is the question you should be asking yourself. Because we dont know the future so to avoid any investment mistake why not have an emergency fund. After 2 months you can start your investment but still have it in mind that if you are not satisfied with the amount you have in your emergency fund you can put more funds there.

Why waste two months that's supposed to be  aimed at accumulation in building emergency funds, and neglect the actual accumulation that you are supposed to be doing. Emergency funds is important to have while you are investing in bitcoin. But instead of spending months of building this emergency funds, you can do it side by side along side with your bitcoin accumulation, if you don't have the bulk amount to deposit in your emergency funds account at once. Some investors make the mistake of channeling their energy in doing things which they can do later during the course of their investment, and pay less attention to what needed the most attention from the beginning.

This scenario has been discussed for so many times here and actually there's no need for anyone to pay attention first setting up their emergency funds since actually they can do it later on. They are not earning with that funds so much better that what they pay attention is to accumulate Bitcoin first then build their portfolio.

They are just wasting their time for building their emergency funds since instead of they already accumulated decent volume they are stuck separating funds for that unnecessary thing on early part of their investment. But at least they are thinking about setting up their emergency funds right?. Discussions about this bring good influence to people to do the right thing, also its good that they are not only paying attention on their investment but also personal security if there's problems comes at their end. They just need to set up a good plan to make everything works and decide well what better things to do.

[BITCOIN4X]

~Snip

It depends on how comfortable someone is when they want to become an investor and want to invest in Bitcoin, because if an emergency fund must be considered an important option for them, then preparing it early and separating it from the amount of capital that will be used in the investment, I think that is also not wrong because in the end it must also be prepared by every investor when they have run their investment. So don't think of it as something unnecessary if in the end it must also be prepared by the person making the investment and besides having to have that, every investor must also have a long-term mindset and should not panic easily when they see market conditions experiencing a price correction.

Emergency funds are the foundation for keeping your investments safe without being touched by various unexpected funding needs. It's like when you build a house, you need a strong foundation to support the entire building so that it is sturdy, without a foundation your house tends to collapse easily. That's how investing is, you must have an emergency fund as part of how you keep your investment assets untouched by unexpected funding needs.

Some inexperienced investors may only focus on investment goals instead of having emergency funds. They don't know what the consequences will be when they need funds as soon as possible, while all existing funds have already been invested. It could be that they have no choice and have to sell some or all of their assets, which will clearly damage the investment plans they have worked hard to build.

[Figerland Shamrock]

It is o.k. to invest 20% of your income into bitcoin as long as you are investing from discretionary income.

it is a better practice to account for your expenses first, yet if you are sure that at least 20% of your income is going to be discretionary income, then there is no problem to invest 20% into bitcoin.

Also, if you have back up funds, such as an emergency funds and reserve funds, then those could save you if you make a mistake by accidentally investing too much into bitcoin in any given pay period.

I only invest 30% of my monthly income from each company salary, and this has only been implemented for the past few months even though I already know investing in bitcoin is good, but beginners may need to take courage in this attitude.

Yes, I always calculate the expenses first what is needed to be spent, after that the rest is to invest in bitcoin every month.

When it comes to reserve funds from the past, I have kept it because it is important for urgent needs, but now I am comfortable with the existence of reserve funds, which means that investment will be safe and will not be disturbed.

[Ronsbit]

~Snip

It depends on how comfortable someone is when they want to become an investor and want to invest in Bitcoin, because if an emergency fund must be considered an important option for them, then preparing it early and separating it from the amount of capital that will be used in the investment, I think that is also not wrong because in the end it must also be prepared by every investor when they have run their investment. So don't think of it as something unnecessary if in the end it must also be prepared by the person making the investment and besides having to have that, every investor must also have a long-term mindset and should not panic easily when they see market conditions experiencing a price correction.

Emergency funds are the foundation for keeping your investments safe without being touched by various unexpected funding needs. It's like when you build a house, you need a strong foundation to support the entire building so that it is sturdy, without a foundation your house tends to collapse easily. That's how investing is, you must have an emergency fund as part of how you keep your investment assets untouched by unexpected funding needs.

Some inexperienced investors may only focus on investment goals instead of having emergency funds. They don't know what the consequences will be when they need funds as soon as possible, while all existing funds have already been invested. It could be that they have no choice and have to sell some or all of their assets, which will clearly damage the investment plans they have worked hard to build.

You are right that some investors do not have an idea about emergency funds and how it works but rather, they solely depend on their profit, which sometimes does not go down well with them and when their business begins to shake or have issues, they sell their assets just to solve the problem and in some cases when it overwhelms them, they get frustrated and that is the end of their business.

I once had no idea about this aspect of emergency savings till it dawned on me. That was when I realized that I had no savings. I made a budget for it and began my emergency savings, and it has helped a lot when I am in need of financial backup.

[Sonia_123]

~Snip

It depends on how comfortable someone is when they want to become an investor and want to invest in Bitcoin, because if an emergency fund must be considered an important option for them, then preparing it early and separating it from the amount of capital that will be used in the investment, I think that is also not wrong because in the end it must also be prepared by every investor when they have run their investment. So don't think of it as something unnecessary if in the end it must also be prepared by the person making the investment and besides having to have that, every investor must also have a long-term mindset and should not panic easily when they see market conditions experiencing a price correction.

Emergency funds are the foundation for keeping your investments safe without being touched by various unexpected funding needs. It's like when you build a house, you need a strong foundation to support the entire building so that it is sturdy, without a foundation your house tends to collapse easily. That's how investing is, you must have an emergency fund as part of how you keep your investment assets untouched by unexpected funding needs.

Some inexperienced investors may only focus on investment goals instead of having emergency funds. They don't know what the consequences will be when they need funds as soon as possible, while all existing funds have already been invested. It could be that they have no choice and have to sell some or all of their assets, which will clearly damage the investment plans they have worked hard to build.

I agree with you, emergency fund is one of the fund that you need to see it as been important on your journey of Bitcoin investment to having a firm and good backup fund so that the road of your investment will be so smooth, than having to start investing before having your emergency or backup fund gradually,it will be difficult to starting trying to building up your discretionary income because you cannot be investing and trying to building your discretionary income at the same time, it will definitely affect you, which will now lead to a stop or crash investment, which will not be good at all for a Bitcoin investor.

[JayJuanGee]

It is o.k. to invest 20% of your income into bitcoin as long as you are investing from discretionary income.

it is a better practice to account for your expenses first, yet if you are sure that at least 20% of your income is going to be discretionary income, then there is no problem to invest 20% into bitcoin.

Also, if you have back up funds, such as an emergency funds and reserve funds, then those could save you if you make a mistake by accidentally investing too much into bitcoin in any given pay period.

I only invest 30% of my monthly income from each company salary, and this has only been implemented for the past few months even though I already know investing in bitcoin is good, but beginners may need to take courage in this attitude.

Many normal people are not used to investing at all, so many normal people struggle to even invest 10% of their income into bitcoin or into anything else.  Many times beginners need to start with amounts that are more practical, such as 10%, yet still if you are able to invest higher amounts and still cover all your expenses, then surely you are likely to build up your bitcoin investment much faster, including that a person investing 30% of his income into bitcoin will be able to reach the investment of 1 years of his salary into bitcoin within about 3 years and 4 months.... which surely can be a good thing if people are able to accomplish that and without putting themselves into financial stress including maintaining various back up funds including emergency funds and reserve funds...and otherwise strong cashflow management practices.

Yes, I always calculate the expenses first what is needed to be spent, after that the rest is to invest in bitcoin every month.

When it comes to reserve funds from the past, I have kept it because it is important for urgent needs, but now I am comfortable with the existence of reserve funds, which means that investment will be safe and will not be disturbed.

Generally, it is good to have at least 3 months of emergency funds that are in the currency that your expenses are denominated, which you never touch absent an actual emergency in which you might lose income and/or your expenses might go up (such as an accident that involves costs). .. so then extra back up funds that you keep in excess of your emergency funds would be more flexible in regards to what those could be used for, such as buying bitcoin on the dip, or some other kinds of savings that you might have for example to buy yourself a computer or a phone or a car or a motorcycle or take your wife/girlfriend out for dinner or a special trip, buy a bike for your daughter or some other kind of thing that might not be in your regular budget but you want to save up for.

[edited out]

You are right that some investors do not have an idea about emergency funds and how it works but rather, they solely depend on their profit, which sometimes does not go down well with them and when their business begins to shake or have issues, they sell their assets just to solve the problem and in some cases when it overwhelms them, they get frustrated and that is the end of their business.

I once had no idea about this aspect of emergency savings till it dawned on me. That was when I realized that I had no savings. I made a budget for it and began my emergency savings, and it has helped a lot when I am in need of financial backup.

Sometimes investors do not realize the extent to which they are lacking in back up funds until they think through the situation or an actual emergency comes and they have no fall back... So, it remains important to have some thoughts about your set up  before you end up in some situation that you had not realized that you had made yourself vulnerable.  These matters become more important with an investment like bitcoin that fluctuates a lot, and if any of us make investment plans that go out 4-10 years or more, then we likely have to try to figure out ways that we are not tapping into our investments at all, but especially at times that are not completely of our own choosing or at times that we are not able replace any bitcoin that we might have spent.

Sometimes newbie investors will also play fast and loose with their bitcoin investment, and even if they might have a plan to invest into bitcoin for 10 years or more, they will find that their bitcoin holdings are extensively in profits at a time that it still early in their investment, and then they may well end up fucking up their investment because they try to trade it.. and then they may well end up selling too much too early or ending up with way less bitcoin than they would have had if they had stayed focused on ongoing buying the bitcoin until they get enough bitcoin or more than enough bitcoin.

Surely anyone on the internet cannot resolve your situation, so it remains important that you figure out some systems that will work for you to reach your goals, and if you are trying to accumulate and build up your bitcoin, then it is good for you to think through the various aspects of your personal factors to make sure that you have put good systems in place that are tailored to your own financial and psychological circumstances.

[xSkylarx]

This scenario has been discussed for so many times here and actually there's no need for anyone to pay attention first setting up their emergency funds since actually they can do it later on. They are not earning with that funds so much better that what they pay attention is to accumulate Bitcoin first then build their portfolio.

They are just wasting their time for building their emergency funds since instead of they already accumulated decent volume they are stuck separating funds for that unnecessary thing on early part of their investment. But at least they are thinking about setting up their emergency funds right?. Discussions about this bring good influence to people to do the right thing, also its good that they are not only paying attention on their investment but also personal security if there's problems comes at their end. They just need to set up a good plan to make everything works and decide well what better things to do.

Balancing investment and financial security is still a better option for me to avoid unnecessary financial stress and long-term setbacks. If you invest on an asset that is highly volatile like bitcoin, without a proper emergency fund, unexpected expenses like medical bills or job loss can quickly disrupt your investment.You might be forced to sell your assets possibly at a loss due to poor market conditions if you don't have savings to use on. Having an emergency fund gives you a peace of mind and ensures you to avoid unnecessary selling of valuable assets during tough times.

~Snip

It depends on how comfortable someone is when they want to become an investor and want to invest in Bitcoin, because if an emergency fund must be considered an important option for them, then preparing it early and separating it from the amount of capital that will be used in the investment, I think that is also not wrong because in the end it must also be prepared by every investor when they have run their investment. So don't think of it as something unnecessary if in the end it must also be prepared by the person making the investment and besides having to have that, every investor must also have a long-term mindset and should not panic easily when they see market conditions experiencing a price correction.

Emergency funds are the foundation for keeping your investments safe without being touched by various unexpected funding needs. It's like when you build a house, you need a strong foundation to support the entire building so that it is sturdy, without a foundation your house tends to collapse easily. That's how investing is, you must have an emergency fund as part of how you keep your investment assets untouched by unexpected funding needs.

Some inexperienced investors may only focus on investment goals instead of having emergency funds. They don't know what the consequences will be when they need funds as soon as possible, while all existing funds have already been invested. It could be that they have no choice and have to sell some or all of their assets, which will clearly damage the investment plans they have worked hard to build.

I think the reason why some inexperienced investors focus only on investment goals while disregarding emergency fund is because of their eagerness in quick gains. The excitement of chasing high returns can make saving for unexpected situations unnecessary. Success stories portrayed on social media also plays a role making investing to be appealing while having an emergency funds are rarely discussed. New investors think that their portfolio will always be at profit not considering the risks of market volatility or personal emergencies.

[MainIbem]

Emergency funds are the foundation for keeping your investments safe without being touched by various unexpected funding needs. It's like when you build a house, you need a strong foundation to support the entire building so that it is sturdy, without a foundation your house tends to collapse easily. That's how investing is, you must have an emergency fund as part of how you keep your investment assets untouched by unexpected funding needs.

Some inexperienced investors may only focus on investment goals instead of having emergency funds. They don't know what the consequences will be when they need funds as soon as possible, while all existing funds have already been invested. It could be that they have no choice and have to sell some or all of their assets, which will clearly damage the investment plans they have worked hard to build.

There are some things someone who wants to succeed in Bitcoin investment should take note of and one of them is the emergency funds cause it plays a vital role when it comes to being a successful Bitcoin investor, when I mean success in Bitcoin investment I mean holding for many years and meeting one's target, the emergency fund is as important as being patient cause it would help ensure that the investor doesn't tamper with what they're holding in their portfolio to solve problems. Of course as humans we're bound to encounter challenges, some challenges that could even hinder or ruin our investment goals but that's where the emergency funds comes in, it ensures that investor solve those day to day problems and necessities, without falling back to their portfolio to do that. Infact before someone would even think of going into an investment the person should ensure to separate their emergency funds from that meant for investment, it doesn't matter whether they fall under the rich class or not, it's very necessary and it's  one of the foundation which ensure one's portfolio remains intact for long-term, therefore every investor needs it to meet their goals.

[Cryptoprincess101]

Emergency funds are the foundation for keeping your investments safe without being touched by various unexpected funding needs. It's like when you build a house, you need a strong foundation to support the entire building so that it is sturdy, without a foundation your house tends to collapse easily. That's how investing is, you must have an emergency fund as part of how you keep your investment assets untouched by unexpected funding needs.

Some inexperienced investors may only focus on investment goals instead of having emergency funds. They don't know what the consequences will be when they need funds as soon as possible, while all existing funds have already been invested. It could be that they have no choice and have to sell some or all of their assets, which will clearly damage the investment plans they have worked hard to build.

You are right that some investors do not have an idea about emergency funds and how it works but rather, they solely depend on their profit, which sometimes does not go down well with them and when their business begins to shake or have issues, they sell their assets just to solve the problem and in some cases when it overwhelms them, they get frustrated and that is the end of their business.

I once had no idea about this aspect of emergency savings till it dawned on me. That was when I realized that I had no savings. I made a budget for it and began my emergency savings, and it has helped a lot when I am in need of financial backup.

Keeping emergency funds will make you grow in an investment because even in normal Fiats savings, you can't save all your money in the bank and you are left with nothing, it will make you to keep tampering with that amount you kept as savings since you don't have any back up funds to attend to emergency situations. It is true that a lot of investors don't keep emergency funds because they have no idea of it, but any determined investor will always make provision for funds that will assist them while they are investing, and they will also know the set back that comes along when you are investing and taking part of your holdings to sort your sudden needs. Emergency funds should be kept in Fiats so that it can easily be accessible whenever you need it for use while your hodlings in bitcoins are very much intact without being tampered, instead you invest more while hoping to get a big investment.

[POPOLUV]

Emergency funds are the foundation for keeping your investments safe without being touched by various unexpected funding needs. It's like when you build a house, you need a strong foundation to support the entire building so that it is sturdy, without a foundation your house tends to collapse easily. That's how investing is, you must have an emergency fund as part of how you keep your investment assets untouched by unexpected funding needs.

Some inexperienced investors may only focus on investment goals instead of having emergency funds. They don't know what the consequences will be when they need funds as soon as possible, while all existing funds have already been invested. It could be that they have no choice and have to sell some or all of their assets, which will clearly damage the investment plans they have worked hard to build.

You are right that some investors do not have an idea about emergency funds and how it works but rather, they solely depend on their profit, which sometimes does not go down well with them and when their business begins to shake or have issues, they sell their assets just to solve the problem and in some cases when it overwhelms them, they get frustrated and that is the end of their business.

I once had no idea about this aspect of emergency savings till it dawned on me. That was when I realized that I had no savings. I made a budget for it and began my emergency savings, and it has helped a lot when I am in need of financial backup.

Keeping emergency funds will make you grow in an investment because even in normal Fiats savings, you can't save all your money in the bank and you are left with nothing, it will make you to keep tampering with that amount you kept as savings since you don't have any back up funds to attend to emergency situations. It is true that a lot of investors don't keep emergency funds because they have no idea of it, but any determined investor will always make provision for funds that will assist them while they are investing, and they will also know the set back that comes along when you are investing and taking part of your holdings to sort your sudden needs. Emergency funds should be kept in Fiats so that it can easily be accessible whenever you need it for use while your hodlings in bitcoins are very much intact without being tampered, instead you invest more while hoping to get a big investment.

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.