JJG’s Outline of Bitcoin Investment Ideas

[Grease5000]

We all talk as if it is easy for everyone. Like it's easy to build an emergency fund and an investment fund separately. It's not easy for everyone. I think we should all keep an open mind instead of just sticking to one idea. Some people have little income and want to invest, but they can't build an emergency fund. Will you now discourage them from investing?
You can delay and delay, and many opportunities will just pass you by. I think one should start investing while building an emergency fund. The thing here is, can the person invest consistently? If yes, then it's okay. What an emergency fund does is reduce risk. The risk can't be completely avoided.

I think  you are making  it sound more difficult than it  really is, because  you don't have to wait until you have completely built an emergency fund before you start accumulating bitcoin  because if you are able to figure out your discretionary income from whatever amount you earn for work or anything you do to make money  you can start buying Bitcoin through DCA and build emergency fund gradually alongside it . The important thing is to invest with money  you won't need for  daily expenses. That way, you can stay consistent while reducing the chances of selling  your Bitcoin when unexpected expenses come up.

[alankasman]

If you wait to build an emergency fund before you start investing, you might take forever. Best way is to put small if your small savings as emergency funds as you grow it and start investing. The aim here is to just start and stop delaying using many excuses why you haven't started and so on.

Risk what you can afford to lose is a term used by traders. And we are not traders but investors. I think the better term to use is investment funds that you are comfortably willing to lock away.

However, if you do it simultaneously I don't think it's a significant obstacle. If you accumulate an emergency fund you have to delay investing. That's the problem. Waiting isn't the path to success it's a dead end to the goals we dream of. Instead it leads to delays. This is because we prefer to accumulate an emergency fund rather than simultaneously. Delaying this will always be followed by delays. Therefore I think it's better to do it simultaneously because this can work both ways both for investing and for accumulating an emergency fund as we desire.

I believe we must be brave in taking risks especially when we must be prepared to experience losses in investing. It's impossible for someone to trade without spending capital to meet the demand of those who want to buy. This illustrates that in trading there is no such thing as not experiencing losses. You can be sure that after experiencing risk there will certainly be a time when someone will experience a good and safe investment locking in the profits they will have after experiencing the losses they made at the beginning of their investment.

[Insanity]

Emergency funds is very important for any one trying to invest in bitcoin and hold for a long time without an emergency funds the investment won't last for long and any one investing in without any provision for an emergency funds is only just gambling with his investment because such person is liable to sell any time soon when there is an emergency situation, after getting started the next thing should be creating an emergency funds to save guild your bitcoin investment.

If you invest in Bitcoin, you must create an emergency fund, if any person continues to invest in Bitcoin without an emergency fund, then he will definitely face danger. So to deal with this situation, you must put yourself in some financial danger, where if every person participates in Bitcoin investment, then he should be able to invest in Bitcoin with prudent income. And if we use prudent income and create an emergency fund, it will definitely be possible to hold Bitcoin investment for a long time, if the investor faces greed, then it is his personal matter.

An emergency fund is indeed a building block of a good bitcoin investment plan, and I agree. If not, even those who know what they believe may have to sell their assets when the market is down to pay their bills. That's why I believe it is a better idea to create a financial buffer first and then ramp up buying bitcoin. Meanwhile, being emotionally invested in an emergency fund doesn't prevent you from making emotional errors of judgment, such as greed or panic. The will for discipline, patience, and a long-term plan is still required for investors. Bitcoin is rewarding individuals who are able to hold through the volatility. And with proper financial planning. That is a lot easier!