JJG’s Outline of Bitcoin Investment Ideas

[Bigjoe33]

It is not compulsory that someone must start investing in Bitcoin with their emergency funds ready no, but it is necessary to have your emergency funds ready while you start your Bitcoin investment and like I said it is not compulsory but it's necessary these are two important or key words we should note and we should understand the difference between them so we don't misinterpret. When I said it is not compulsory it means that one can start without emergency funds then why I said it's necessary it's because of, if there is any sudden challenge our emergency funds can help us.

I must say, despite your explanations, your statement looks confusing and to an extent doesn't make very good clear difference. What are you saying then, that we can start without emergency funds(not compulsory), and we should start with emergency funds (necessary)?

The better version of your explanations would have been...

It's gonna be problematic if plebs begin there Bitcoin investment with Zero back up funds, yet, if they have been able to figure out there discretionary income, then it's best to build there investment and back up funds simultaneously(side by side) should Incase they encounter any challenges in there early stage of investment. We can't underplay the importance of back up funds, and the earlier it is made very clear, the better for newbie investors so they don't get mislead.

[Big Dirams]

On a personal level, I hate to claim that "never" (or other absolutes) exist or should exist when it comes to something discretionary such as bitcoin accumulation, bitcoin investment management and/or cashflow management.

We always have choices, and sure, maybe we discipline ourselves into making certain choices over other choices.

We choose how robust we make our back up funds (and other aspects of our cashflow management), and if we are managing our bitcoin accumulation and our cashflows in solidly good ways, then we are likely to frequently have options in those kinds of situations in which our income might go down and/or our expenses might go up.  When those kinds of events play out, then we are in a better position when we have options as compared with if we might have had depleted all of our back up funds, then we might have had run out of options, and they ONLY thing  that we have left in order to resolve our loss of income and/or increase in expenses is to sell bitcoin.  That would not be a good place to be, and hopefully we either do not put ourselves into such a position and/or if we do end up putting ourself in such a situation that we learn how to not put ourself in such situation in the future.

You do have a good point, building a solid back up funds helps to save us from many of this mess and terrible scenarios and truly when we keep our bitcoin accumulation in good condition and our expense in proper alignment then we will see many other options to help in adjustment of the situation.
Let not fall into the trap where we will either get forced to sell off our holdings or maybe even deliberately because that a not a good approach at all. When we build a solid back funds then we more control over our bitcoin and at the same time we are free of pressure to maybe sell our holding. 

[Agbam]

The way Bitcoin was designed, anyone can buy at a pace that suits
their financial situation. Whether you're buying a large amount or just $10 a week, Bitcoin itself isn't "EXPENSIVE" if you're using discretionary income and investing consistently.

This your idea that bitcoin is not expensive just because it is divisible and you can be able to buy small amounts of it is not really an accurate statement. The affordability of bitcoin by an individual depend on that individual’s financial predicament. In an instance where a person has limited disposable income available to them, even to buy $10 worth of bitcoin may not be realistic for them because they probably don’t even have enough money left with them after covering their expenses, now what do you say about that ?.

You’re missing the point why I said bitcoin is not expensive. The affordability of bitcoin is not dependent on the price but on the availability of your discretionary income to invest.

Before I got into forum I used to have the mindset that bitcoin is expensive so I didn’t want to buy instead I went for Altcoins because they looked cheaper. That turned out to be a mistake I was looking at the whole price of bitcoin instead of my available funds to invest (discretionary money).

If someone can’t afford to invest even $10 that’s a reflection of their financial situation and not bitcoin itself. A person with no discretionary income, can’t afford any investments (Gold, Stocks, Bitcoin). The issue is not that bitcoin is expensive but that they don’t have money available for investing.

[Tonimez]

On a personal level, I hate to claim that "never" (or other absolutes) exist or should exist when it comes to something discretionary such as bitcoin accumulation, bitcoin investment management and/or cashflow management.

We always have choices, and sure, maybe we discipline ourselves into making certain choices over other choices.

We choose how robust we make our back up funds (and other aspects of our cashflow management), and if we are managing our bitcoin accumulation and our cashflows in solidly good ways, then we are likely to frequently have options in those kinds of situations in which our income might go down and/or our expenses might go up.  When those kinds of events play out, then we are in a better position when we have options as compared with if we might have had depleted all of our back up funds, then we might have had run out of options, and they ONLY thing  that we have left in order to resolve our loss of income and/or increase in expenses is to sell bitcoin.  That would not be a good place to be, and hopefully we either do not put ourselves into such a position and/or if we do end up putting ourself in such a situation that we learn how to not put ourself in such situation in the future.

You do have a good point, building a solid back up funds helps to save us from many of this mess and terrible scenarios and truly when we keep our bitcoin accumulation in good condition and our expense in proper alignment then we will see many other options to help in adjustment of the situation.
Let not fall into the trap where we will either get forced to sell off our holdings or maybe even deliberately because that a not a good approach at all. When we build a solid back funds then we more control over our bitcoin and at the same time we are free of pressure to maybe sell our holding. 

I think the Idea painted here by @Jayjuangee is centered on cashflow management and financial discipline as the core leader of a successful bitcoin investment. To be able to manage a period of ups and downs of an income earner, it is an intentional act of knowing that the rainy days may come anyday and also knowing that he has to protect his bitcoin as always, he tries not to risk it and then focuses better on his backup funds and emergency funds and also minimise every avoidable spending in order to have his cash always.

Bitcoin safety does not end in only building your backup funds, it should also be reflected in the way you live your daily life, not been extreme or harsh with your self but being moderate. Emergency situations are usually unplanned and can arise at any moment. If you don't take preparatory steps by saving for such occurrence, then you may end up loosing all your bitcoin. The good thing is that bitcoin accumulation is best understood by actively investing in it, shunning procrastination and starting. It's when you have started that you can be able to feel the impact of whatever decisions you take, either right or wrong and that is also when you will understand how important this backup funds and emergency funds really are.

[Tetu100]

investment is equally as important as having an emergency fund...So while investing, folks can also build alongside their backup/or emergency funds..

I agree with you on this part. Because their is no way an investment especially longterm investment can be successful or grow to a stage of maturity without having plans of setting up an emergency funds. However, having an emergency funds in place isn't just for formality sake, it's there to solve real future issues that can jeopardize or dismantle your investment goals. Not considering having it in place alongside your investment journey is as good as going to hunting without carring a gun, that's to tell how important the emergency funds means to bitcoin investment.

[Alonso_]

There is need to have an emergency funds because when unforeseen circumstances arise, you may push into tempering with your bitcoin investment. There are circumstances that are beyond our control , if face with such circumstances and there is no funds that has been kept to tackle such occurrence like an emergency funds. We maybe left with the only option of tempering with our bitcoin investment and it won't be a bad idea if someone that is face with life threatening that doesn't have an emergency funds then decide to fall back to there bitcoin investment to treat themselves. So in other to avoid being push into tempering with our bitcoin investment during an emergency there is need to set up an emergency funds.

If there is no emergency fund to deal with the emergency and you face an emergency, then you are bound to intervene in the investment. But I cannot call it a good decision to intervene in the investment fund at any moment because of not taking the necessary steps, because it is really a bad decision. Even through this, it reflects your poor management.

Suppose you have gone to the forest for hunting, but did not take a gun/knife as a defense, then whose fault will it be if an animal attacks you? Would you then call accepting defeat against the animal a good decision? Investment is a long-term plan, so to succeed in this plan in the long term, you must be prudent and foresight.

How do you even have to intervene when you don’t have an emergency funds, I’m quite confused with what you’re talking about, emergency funds is an emergency funds, backup funds is a backup funds, there is no other way you will have to intervene or else you’re going to be using money meant for your daily or weekly expenses to intervene like you have said, or you will be using your bitcoin investments to intervene in a situation as such as the one when you have an emergency situation that you have to take care of whatever the emergency is, or you take a loan to solve the problem.

You need an emergency funds and backup funds as an investment.

[KeenanEl19]

Hmm, maybe I should change my approach as you suggestedby covering my needs first and only then allocating the remaining funds (discretionary funds) to my reserve fund, emergency fund, and investments. This is a valuable lesson for me, and I’ll give it a try. This is one of the uses of forums, to share knowledge which is certainly useful for each other.

Regardless, money management is something that needs attention in this context. With good money management, we’ll be able to allocate our funds effectively. I believe someone will face difficulties if they don’t have good money management irregular spending could make it hard for them to even meet their basic needs.

If guys are ongoingly striving to learn and they are practicing, then likely they will continue to improve what they are doing and to tailor what they are doing to their own cashflow situation and various other personal factors.

I doubt that that guys should expect perfection, and they are likely to make mistakes, and maybe even not realize the extent of some of their mistakes until many years later, and even our opinions might change, from time to time, too.

I agree with you. Basically, we all want progress to happen within ourselves, and indeed, only we can achieve that. Furthermore, we need to think carefully about what we do, for example, if we invest a certain amount and, on the other hand, if our income increases, we should be able to see what needs to be improved, whether it's our needs or our investments.

I think mistakes are normal. Everyone has made mistakes that harm themselves or even others, but not everyone can learn from their mistakes. Sometimes, some people repeat the same mistakes in the same way, even though they were the same mistakes they made before. But others are able to use mistakes as lessons to avoid repeating them, and I think the most common mistake everyone has made is in the financial realm.

[Barikui1]

If there is no emergency fund to deal with the emergency and you face an emergency, then you are bound to intervene in the investment. But I cannot call it a good decision to intervene in the investment fund at any moment because of not taking the necessary steps, because it is really a bad decision. Even through this, it reflects your poor management.

How do you even have to intervene when you don’t have an emergency funds, I’m quite confused with what you’re talking about, emergency funds is an emergency funds, backup funds is a backup funds, there is no other way you will have to intervene or else you’re going to be using money meant for your daily or weekly expenses to intervene like you have said, or you will be using your bitcoin investments to intervene in a situation as such as the one when you have an emergency situation that you have to take care of whatever the emergency is, or you take a loan to solve the problem.

By looking at his statement, it seems like he was trying to say that if you have no emergency funds in place and emergency struck, you may be forced to temper with your bitcoin investment, so he is mistakenly referring tempering as intervene, so I believe that it's just a misused of words.

Because we all are aware of the importance of emergency funds when investing in Bitcoin, because without having them in place to protect your bitcoin investment from any emergency situation that may arise in the future, you are definitely going to sell off your Bitcoin investment when faced with real life emergencies, so it's wrong for anyone to downplay the importance of emergency funds in Bitcoin investment.
The only set of people that can invest in Bitcoin without an emergency funds are the rich, because they have rich uncle's, asset and friends that can bail them out during emergency situation, but if you are not rich, having emergency funds in place to protect your bitcoin investment is a must.

You need an emergency funds and backup funds as an investment.

You need to throw more light on what you mean by this ridiculous statement, because this can be very misleading to newbies, if they take this your statement serious.

[laspol65]

investment is equally as important as having an emergency fund...So while investing, folks can also build alongside their backup/or emergency funds..

I agree with you on this part. Because their is no way an investment especially longterm investment can be successful or grow to a stage of maturity without having plans of setting up an emergency funds. However, having an emergency funds in place isn't just for formality sake, it's there to solve real future issues that can jeopardize or dismantle your investment goals. Not considering having it in place alongside your investment journey is as good as going to hunting without carring a gun, that's to tell how important the emergency funds means to bitcoin investment.

Bitcoin investment emergency fund must be formed, there is no alternative method, but starting Bitcoin investment is the most important. Start investing in Bitcoin first, then all other thoughts you have money you keep buying Bitcoin. And along with investing in Bitcoin, you will get the opportunity to form an emergency fund and then you will try to protect your Bitcoin investment yourself. As a result, the money that you keep to protect your Bitcoin investment to face danger is the emergency fund.
That is why every person should definitely form an emergency fund to protect his Bitcoin investment. So that in the future days you can be successful in your Bitcoin investment journey without danger.

[Charcol]

There is need to have an emergency funds because when unforeseen circumstances arise, you may push into tempering with your bitcoin investment. There are circumstances that are beyond our control , if face with such circumstances and there is no funds that has been kept to tackle such occurrence like an emergency funds. We maybe left with the only option of tempering with our bitcoin investment and it won't be a bad idea if someone that is face with life threatening that doesn't have an emergency funds then decide to fall back to there bitcoin investment to treat themselves. So in other to avoid being push into tempering with our bitcoin investment during an emergency there is need to set up an emergency funds.

If there is no emergency fund to deal with the emergency and you face an emergency, then you are bound to intervene in the investment. But I cannot call it a good decision to intervene in the investment fund at any moment because of not taking the necessary steps, because it is really a bad decision. Even through this, it reflects your poor management.

Suppose you have gone to the forest for hunting, but did not take a gun/knife as a defense, then whose fault will it be if an animal attacks you? Would you then call accepting defeat against the animal a good decision? Investment is a long-term plan, so to succeed in this plan in the long term, you must be prudent and foresight.

Never should we go close to our holding and thinking of selling them to settle our problems,

Of course, breaking up your Bitcoin savings is not a good idea. But you have to consider it completely differently, as it is not something that can be touched at all. If you tell someone that you cannot touch your investments under any circumstances, then that will be a difficult decision. Because you cannot completely deny the exceptions caused by life. Bitcoin savings, emergency fund, cashflow management, all of these depend on your real situation. Having a good emergency fund according to your real situation reduces forced selling. In fact, saying that you cannot touch Bitcoin for any reason may not be realistic, but your goal should be to arrange your situation in such a way that you do not have to sell it by force.

[The Founding Titan]

The way Bitcoin was designed, anyone can buy at a pace that suits
their financial situation. Whether you're buying a large amount or just $10 a week, Bitcoin itself isn't "EXPENSIVE" if you're using discretionary income and investing consistently.

This your idea that bitcoin is not expensive just because it is divisible and you can be able to buy small amounts of it is not really an accurate statement. The affordability of bitcoin by an individual depend on that individual’s financial predicament. In an instance where a person has limited disposable income available to them, even to buy $10 worth of bitcoin may not be realistic for them because they probably don’t even have enough money left with them after covering their expenses, now what do you say about that ?.

Bitcoin is actually affordable, the issue here is that you might be thinking that there is a fix timeframe for buying especially with people using the DCA but that's not how the DCA works, if it will take you a month to make one purchase and then 2 weeks to make the next then you are very much allowed to buy that way, nothing about the DCA says you have to buy monthly if you started buying monthly and nothing about the DCA also days you have to keep using $10 simply because you started with $10, the DCA is very flexible meaning that bitcoin investment is very flexible.

[Son Of Blockchain (SOB)]

Bitcoin is actually affordable, the issue here is that you might be thinking that there is a fix timeframe for buying especially with people using the DCA but that's not how the DCA works, if it will take you a month to make one purchase and then 2 weeks to make the next then you are very much allowed to buy that way, nothing about the DCA says you have to buy monthly if you started buying monthly and nothing about the DCA also days you have to keep using $10 simply because you started with $10, the DCA is very flexible meaning that bitcoin investment is very flexible.

Buying atleast 1 Bitcoin is costly for many people but then it's not an excuse for not owning it cause those who can't buy at once still have the opportunity of buying it in bits through the DCA, they can gradually maintain that process for a long period till they get to having 1 Bitcoin or more.
 You're right, every investor has the right to change the amount they allocate for purchasing Bitcoin on different occasions, someone might be buying with $10 but generate and allocate more for buying as time goes, it all depends on how the person can maintain the cash flow and there's also no harm in reducing it too at certain periods, the major thing is being consistent till the target is met.

[Cossyblack]

Bitcoin investment emergency fund must be formed, there is no alternative method, but starting Bitcoin investment is the most important. Start investing in Bitcoin first, then all other thoughts you have money you keep buying Bitcoin. And along with investing in Bitcoin, you will get the opportunity to form an emergency fund and then you will try to protect your Bitcoin investment yourself. As a result, the money that you keep to protect your Bitcoin investment to face danger is the emergency fund.
That is why every person should definitely form an emergency fund to protect his Bitcoin investment. So that in the future days you can be successful in your Bitcoin investment journey without danger.

I agree with you,an emergency fund is what will protect your Bitcoin when real life emergencies occurs. Emergency is an unexpected occurrence which means emergency could happen anytime without any prior notice. It is important to build your emergency fund alongside your bitcoin investment because emergency happens unexpectedly.  If you don't build your emergency fund and bitcoin investment Stimutatoulsly,if you are only focusing on investing, what if an emergency occurs, you may be forced to tamper with your bitcoin because you failed to setup your emergency fund . So It is important folks setup their emergency and reserve funds alongside their bitcoin investment  since they don't know when an emergency will occur.

[Derekfunds]

It is not compulsory that someone must start investing in Bitcoin with their emergency funds ready no, but it is necessary to have your emergency funds ready while you start your Bitcoin investment and like I said it is not compulsory but it's necessary these are two important or key words we should note and we should understand the difference between them so we don't misinterpret. When I said it is not compulsory it means that one can start without emergency funds then why I said it's necessary it's because of, if there is any sudden challenge our emergency funds can help us.

I must say, despite your explanations, your statement looks confusing and to an extent doesn't make very good clear difference. What are you saying then, that we can start without emergency funds(not compulsory), and we should start with emergency funds (necessary)?

The better version of your explanations would have been...

It's gonna be problematic if plebs begin there Bitcoin investment with Zero back up funds, yet, if they have been able to figure out there discretionary income, then it's best to build there investment and back up funds simultaneously(side by side) should Incase they encounter any challenges in there early stage of investment. We can't underplay the importance of back up funds, and the earlier it is made very clear, the better for newbie investors so they don't get mislead.

You are confused simply because you didn't settle down to grasp the information I was trying to convey here. I even made it clear at some point that reader should understand the difference between necessary and  compulsory but it is obvious you don't understand it or know the difference because if you do, you wouldn't have said the information or explanation was confusing. I wish I could break the post down to you again but I don't see any other way to do that. What I was trying to say for example is that; investing in Bitcoin is not compulsory but it is necessary and I want to believe you will understand now

[Nightwatchmare]

The way Bitcoin was designed, anyone can buy at a pace that suits
their financial situation. Whether you're buying a large amount or just $10 a week, Bitcoin itself isn't "EXPENSIVE" if you're using discretionary income and investing consistently.

This your idea that bitcoin is not expensive just because it is divisible and you can be able to buy small amounts of it is not really an accurate statement. The affordability of bitcoin by an individual depend on that individual’s financial predicament. In an instance where a person has limited disposable income available to them, even to buy $10 worth of bitcoin may not be realistic for them because they probably don’t even have enough money left with them after covering their expenses, now what do you say about that ?.

There are some things $100,000 cannot afford you in this world, Bitcoin is not one of those things, so Agbam is correct that Bitcoin is not expensive, even as one Bitcoin is $62,228 right now, you can still accumulate it with $5, a time will come when plenty of aspring Bitcoin investors cannot afford a fraction of Bitcoin, that is when you should say that Bitcoin is expensive. If it happens you have a limited disposal income and you cannot buy $10 worth of Bitcoin at that moment, it is not because you believe Bitcoin is expensive that you cannot buy $10 worth of Bitcoin, what stop you to buy $10 of Bitcoin is because you have other essential things you need to take care of at that moment than buying Bitcoin because your availabile money can only take care of the things.

[Grease5000]

Bitcoin investment emergency fund must be formed, there is no alternative method, but starting Bitcoin investment is the most important. Start investing in Bitcoin first, then all other thoughts you have money you keep buying Bitcoin. And along with investing in Bitcoin, you will get the opportunity to form an emergency fund and then you will try to protect your Bitcoin investment yourself. As a result, the money that you keep to protect your Bitcoin investment to face danger is the emergency fund.
That is why every person should definitely form an emergency fund to protect his Bitcoin investment. So that in the future days you can be successful in your Bitcoin investment journey without danger.

I agree with you,an emergency fund is what will protect your Bitcoin when real life emergencies occurs. Emergency is an unexpected occurrence which means emergency could happen anytime without any prior notice. It is important to build your emergency fund alongside your bitcoin investment because emergency happens unexpectedly.  If you don't build your emergency fund and bitcoin investment Stimutatoulsly,if you are only focusing on investing, what if an emergency occurs, you may be forced to tamper with your bitcoin because you failed to setup your emergency fund . So It is important folks setup their emergency and reserve funds alongside their bitcoin investment  since they don't know when an emergency will occur.

I don't think people should wait until their emergency fund is perfect before starting. If folks already have discretionary income, they can begin using the DCA strategy and build their emergency fund alongside it by using some percentage of their discretionary income to buy bitcoin  while also using the remaining percentage to build their emergency fund. That way they are accumulating Bitcoin while also preparing for life unexpected situations.

[Halifat]

Bitcoin investment emergency fund must be formed, there is no alternative method, but starting Bitcoin investment is the most important. Start investing in Bitcoin first, then all other thoughts you have money you keep buying Bitcoin. And along with investing in Bitcoin, you will get the opportunity to form an emergency fund and then you will try to protect your Bitcoin investment yourself. As a result, the money that you keep to protect your Bitcoin investment to face danger is the emergency fund.
That is why every person should definitely form an emergency fund to protect his Bitcoin investment. So that in the future days you can be successful in your Bitcoin investment journey without danger.

I agree with you,an emergency fund is what will protect your Bitcoin when real life emergencies occurs. Emergency is an unexpected occurrence which means emergency could happen anytime without any prior notice. It is important to build your emergency fund alongside your bitcoin investment because emergency happens unexpectedly.  If you don't build your emergency fund and bitcoin investment Stimutatoulsly,if you are only focusing on investing, what if an emergency occurs, you may be forced to tamper with your bitcoin because you failed to setup your emergency fund . So It is important folks setup their emergency and reserve funds alongside their bitcoin investment  since they don't know when an emergency will occur.

I don't think someone should wait until their emergency fund is perfect before starting. If I already have discretionary income, I can begin my DCA and build my emergency fund alongside it. That way, I'm accumulating Bitcoin while also preparing for life's unexpected situations.

You are absolutely saying the right thing, because some of us are lacking knowledge on how to invest in Bitcoin and which they give most priority to emergency funds, which I see there's no need in getting that arrange first but just as you said building the two simultaneously is actually the best. Some people are being guided through a wrong person that is why they are always trying to misunderstand things. I don't see any reason for someone to procrastinate when it comes to bitcoin investment especially when the discretionary income is available then what is bringing the delay the investment should start immediately together with the emergency funds.

[Yablee0]

I agree with you,an emergency fund is what will protect your Bitcoin when real life emergencies occurs. Emergency is an unexpected occurrence which means emergency could happen anytime without any prior notice. It is important to build your emergency fund alongside your bitcoin investment because emergency happens unexpectedly.  If you don't build your emergency fund and bitcoin investment Stimutatoulsly,if you are only focusing on investing, what if an emergency occurs, you may be forced to tamper with your bitcoin because you failed to setup your emergency fund . So It is important folks setup their emergency and reserve funds alongside their bitcoin investment  since they don't know when an emergency will occur.

You are correct, emergency situations don't give notice before occurring. It just happens without seeking any consent from nobody and that's the more reasons we must stay prepared ahead of time so it's won't take us unaware or leave us in a very tight corner and with no other option than selling our assets by force. Take note: that their is no perfect time to build an emergency funds since we cannot actually detect when emergency situation can occur. In my opinion the best we can do so as to be saved or not to sell by force when real life challenges comes is to start building up our emergency funds alongside our investment holdings to stay prepared since emergency situations is inevitable.

[Muba20]

If there is no emergency fund to deal with the emergency and you face an emergency, then you are bound to intervene in the investment. But I cannot call it a good decision to intervene in the investment fund at any moment because of not taking the necessary steps, because it is really a bad decision. Even through this, it reflects your poor management.

How do you even have to intervene when you don’t have an emergency funds, I’m quite confused with what you’re talking about, emergency funds is an emergency funds, backup funds is a backup funds, there is no other way you will have to intervene or else you’re going to be using money meant for your daily or weekly expenses to intervene like you have said, or you will be using your bitcoin investments to intervene in a situation as such as the one when you have an emergency situation that you have to take care of whatever the emergency is, or you take a loan to solve the problem.

The only set of people that can invest in Bitcoin without an emergency funds are the rich, because they have rich uncle's, asset and friends that can bail them out during emergency situation, but if you are not rich, having emergency funds in place to protect your bitcoin investment is a must.

The importance of an emergency fund in Bitcoin investing cannot be denied. But there is no mandatory condition that you have to create an emergency fund first and then start just because you are poor, as you are showing as a condition. Rich people may have some additional advantages. But if someone does not have an emergency fund but has discretionary income, they can start saving Bitcoin and building an emergency fund at the same time. So it can be quite confusing that rich people can start without an emergency fund if they want, but poor people cannot. Having an emergency fund is certainly important, but for beginners, creating an emergency fund first and then investing may not be like that. Rather, it is more realistic to allocate according to cash flow, expenses, family responsibilities, risk tolerance, and your own comfort level.

[JayJuanGee]

If there is no emergency fund to deal with the emergency and you face an emergency, then you are bound to intervene in the investment. But I cannot call it a good decision to intervene in the investment fund at any moment because of not taking the necessary steps, because it is really a bad decision. Even through this, it reflects your poor management.

How do you even have to intervene when you don’t have an emergency funds, I’m quite confused with what you’re talking about, emergency funds is an emergency funds, backup funds is a backup funds, there is no other way you will have to intervene or else you’re going to be using money meant for your daily or weekly expenses to intervene like you have said, or you will be using your bitcoin investments to intervene in a situation as such as the one when you have an emergency situation that you have to take care of whatever the emergency is, or you take a loan to solve the problem.

By looking at his statement, it seems like he was trying to say that if you have no emergency funds in place and emergency struck, you may be forced to temper with your bitcoin investment, so he is mistakenly referring tempering as intervene, so I believe that it's just a misused of words.

Because we all are aware of the importance of emergency funds when investing in Bitcoin, because without having them in place to protect your bitcoin investment from any emergency situation that may arise in the future, you are definitely going to sell off your Bitcoin investment when faced with real life emergencies, so it's wrong for anyone to downplay the importance of emergency funds in Bitcoin investment.
The only set of people that can invest in Bitcoin without an emergency funds are the rich, because they have rich uncle's, asset and friends that can bail them out during emergency situation, but if you are not rich, having emergency funds in place to protect your bitcoin investment is a must.

Yes, normally, if we are choosing to invest in bitcoin, then our two main kinds of back up funds are emergency funds and reserve funds, and of course, we could have other asset that we are invested into that we could draw from or we might have friend/relatives who might be willing to bail us out or to give us a loan, so some folks might have resources outside of their back up funds that they could draw upon prior to having to tap into their bitcoin.

We likely know that we have priorities in what we might draw upon and some kinds of back up funds (such as other investments) are more liquid than others and some are more volatile than others, and there may well be a lot of guys who get into bitcoin, and they have nearly no other assets or resources (perhaps maybe family that might bail them out, but maybe only for small kinds of bailouts), yet the longer that they are building their bitcoin investment and their various back up funds, they may well also be making other investments that could help them if they were to need to get bailed out, so they would also likely have a hierarchy of priority, including that if they end up buying a house they might be reluctant to sell it unless they had no other choice, so if some of their other assets are less liquid than bitcoin, there may well end up being choices to sell bitcoin rather than attempting to liquidate certain assets that are less liquid than bitcoin.