Buy Buy Buy or Sell Sell Sell?

[BlackBaron]

I totally agree with you emergency funds is very vital to have and it is both compulsory and necessary and people who don't forget to keep this emergency funds are planned and disciplined folks. There are people who think ahead in life and there also people that doesn't and those who think ahead of life are the ones that set out things and make it ready in case there is emergency in the future because surely there will always be trials even when we don't want to see any.

Regardless of whether we invest or not, emergency funds must still exist because this can indeed be a situation where we can need something urgently without us expecting it so that emergency funds must indeed have a budget in financial management.
But sometimes some of us misinterpret emergency funds where some people are sometimes still confused and consider emergency funds as a fund that is used to buy bitcoin but the main purpose of emergency funds is not for this.

Whereas the funds for investing should be funds that can indeed be specialized directly for investing or maybe funds that do come from income that we are ready to spend, then surely this will be different between emergency funds and funds that we can invest but sometimes some people are still wrong in the initial assumption that we can spend emergency funds on bitcoin.

Emergency funds should be kept separate from everything else, even savings. Now sometimes people think that savings can be used as an emergency fund, yes it can be used, but it will be more optimal if it is placed separately. Emergency funds, from the name alone, we should already know when the funds will be used.

I agree with you, even when we don't invest, we should still have an emergency fund. Keep in mind that we will not always be in a good situation, I say this not that I expect bad things to come, but it would be much better if we prepare everything.

[Barikui1]

Being aggressive is actually not a problem as long as you are aware of the risks involved and you are using money that has been specifically set aside for investment in bitcoin. Even if it is for the long term, there is no need to worry about the price you are buying at today.

Yea, you are right about this, being aggressive towards your accumulation of Bitcoin is never a problem, besides it's a good practice that helps in stacking up a huge stash of Bitcoin faster, but make sure your level of aggressiveness stays within the confinement of your discretionary income, that way you can easily be in control of what ever shit that may comes your way along the line.
Where the problem lies when buying and accumulating Bitcoin aggressively is overdoing it to the extent of going beyond your discretionary income or get carried away to the extent of going beyond it. Once an investor is cautious enough to not get carried away and stays within the confinement of his discretionary income, the sky will be the beginning point of his successful accumulation of a reasonable stash of Bitcoin if he is very consistent in his accumulation while being aggressive.

[Gost ms]

. If we are investment-oriented then of course buying cheap Bitcoin would be a good advantage but whether or not the unexpected moment will ever happen or can happen is also not sufficiently accurate.

Time's without numbers, it has been stated very clearly by sir jayguangee in this thread that buying the dip is not a problem if you are not waiting for it before buying, you should be buying and accumulating consistently regardless of it price and when the dip comes, you can still buy aggressively with your reserve funds or with your available discretionary income then, because that's the best way to go.
Where the problem are is waiting for a dip that may never come, which might compel you to miss a whole lot of buying opportunities since no one knows what may happen to the price of Bitcoin in the next few minutes or hours, so buying and accumulating without paying attention to it price is the best way to accumulate a good stash of Bitcoin, not by trying to play smart and wait for a dip instead of buying once your discretionary income is available.

Explicitly see, my interpretation of the statement was not different from what you analyzed. Actually, buying on dips is not a problem if you don't wait before buying. If someone consistently buys only waiting for a specific dip before starting, in my view they may end up not buying Bitcoin at all, just delaying the investment with excuses. No one can say where the price of Bitcoin can reach or fall in the next few minutes or hours, so the initial step is to start regardless of the price, so the first thing to do is to choose what the next step is for the person because even though the market always gives opportunities, not everyone can take them due to weak mentality. So Futurexxx you have said the right thing that the best way to exploit the market downturn is to buy aggressively with reserve funds or available discretionary income but before that, we need to put the right systems into practice and achieve consistency in creating a balanced digital gold Portfolio through the right steps.

Buying aggressively during a decline or buying aggressively while continuing to buy consistently does not seem to me to be the right decision. Because if a person does not keep the amount of money that he is putting aside for aggressive buying and continues to buy consistently, it will be better for them. Because waiting for a decline is the same as waiting for an unknown future.

Just as we create a fantasy world in our dreams, waiting for a decline is the same. Because if the market does not fall, the price you are able to buy at this time, if you miss this opportunity, you can regret it later. So instead of waiting to buy aggressively during a decline, continue investing in line with your consistent investment, it will be good for you.

[Obulis]

I totally agree with you emergency funds is very vital to have and it is both compulsory and necessary and people who don't forget to keep this emergency funds are planned and disciplined folks. There are people who think ahead in life and there also people that doesn't and those who think ahead of life are the ones that set out things and make it ready in case there is emergency in the future because surely there will always be trials even when we don't want to see any.

Regardless of whether we invest or not, emergency funds must still exist because this can indeed be a situation where we can need something urgently without us expecting it so that emergency funds must indeed have a budget in financial management.
But sometimes some of us misinterpret emergency funds where some people are sometimes still confused and consider emergency funds as a fund that is used to buy bitcoin but the main purpose of emergency funds is not for this.

Whereas the funds for investing should be funds that can indeed be specialized directly for investing or maybe funds that do come from income that we are ready to spend, then surely this will be different between emergency funds and funds that we can invest but sometimes some people are still wrong in the initial assumption that we can spend emergency funds on bitcoin.

Emergency funds should be kept separate from everything else, even savings. Now sometimes people think that savings can be used as an emergency fund, yes it can be used, but it will be more optimal if it is placed separately. Emergency funds, from the name alone, we should already know when the funds will be used.

I agree with you, even when we don't invest, we should still have an emergency fund. Keep in mind that we will not always be in a good situation, I say this not that I expect bad things to come, but it would be much better if we prepare everything.

Separating funds is more ideal than having it all together! However it's a matter of awareness and or decision. As soon as it's money that some people are not making use of, they see it as savings not even knowing or minding the advantage that could come from properly separating these funds.
Ordinarily, when you make savings, it's for unforeseen circumstances of which emergency is part of it. So separating emergency funds does not mean expecting problem.

[Umulala-alala]

. If we are investment-oriented then of course buying cheap Bitcoin would be a good advantage but whether or not the unexpected moment will ever happen or can happen is also not sufficiently accurate.

Time's without numbers, it has been stated very clearly by sir jayguangee in this thread that buying the dip is not a problem if you are not waiting for it before buying, you should be buying and accumulating consistently regardless of it price and when the dip comes, you can still buy aggressively with your reserve funds or with your available discretionary income then, because that's the best way to go.
Where the problem are is waiting for a dip that may never come, which might compel you to miss a whole lot of buying opportunities since no one knows what may happen to the price of Bitcoin in the next few minutes or hours, so buying and accumulating without paying attention to it price is the best way to accumulate a good stash of Bitcoin, not by trying to play smart and wait for a dip instead of buying once your discretionary income is available.

Explicitly see, my interpretation of the statement was not different from what you analyzed. Actually, buying on dips is not a problem if you don't wait before buying. If someone consistently buys only waiting for a specific dip before starting, in my view they may end up not buying Bitcoin at all, just delaying the investment with excuses. No one can say where the price of Bitcoin can reach or fall in the next few minutes or hours, so the initial step is to start regardless of the price, so the first thing to do is to choose what the next step is for the person because even though the market always gives opportunities, not everyone can take them due to weak mentality. So Futurexxx you have said the right thing that the best way to exploit the market downturn is to buy aggressively with reserve funds or available discretionary income but before that, we need to put the right systems into practice and achieve consistency in creating a balanced digital gold Portfolio through the right steps.

Buying aggressively during a decline or buying aggressively while continuing to buy consistently does not seem to me to be the right decision. Because if a person does not keep the amount of money that he is putting aside for aggressive buying and continues to buy consistently, it will be better for them. Because waiting for a decline is the same as waiting for an unknown future.

Just as we create a fantasy world in our dreams, waiting for a decline is the same. Because if the market does not fall, the price you are able to buy at this time, if you miss this opportunity, you can regret it later. So instead of waiting to buy aggressively during a decline, continue investing in line with your consistent investment, it will be good for you.

You sound very confused and complicated i don't understand what you mean by buying aggressively during a decline or buying aggressively consistently to be a bad decision, if an investor has more discretionary income and decide to buy BTC aggressively either consistently i don't see any thing wrong with that provided it won't affect your bitcoin investment. Waiting for bitcoin to dip before buying is what i see is bad most expecially to newbies investor who there attention should be on how to buy consistently and persistently either every weeks or months and hodl for long.

[MusaPk]

Emergency funds are must for everyone whether he is investing in Bitcoin or not.

Yeah.. but we are talking about bitcoin... and protecting our bitcoin investment, so there is a certain kind of targeted way of applying the situation... so that hopefully we never have to tap into our bitcoin at a time that is not completely of our own choosing.

I do agree that as Bitcoin investor we must have our emergency funds in place, so we can use them whenever there is emergency rather then cashing out Bitcoins.

I will concede that people will ikely have a week or two or maybe even up to 6 weeks of back up funds to cover their expenses.. and so yeah, that could be an "emergency fund" to the extent that they might not have any other place that they can draw upon if some kind of an emergency were to happen or merely just a period of time that the income goes down and/or the expenses go up.

I would say it varies from person to person. Like if you are doing a job that fully covers your health insurance than one might be comfortable with 2 to 3 weeks of back up funds. For people who don't have a job or any other thing that covers there health insurance those guys might reserve some more amount for emergency needs. Every individual can decide himself that how much cash is enough for him to counter emergency situations. But it's important to have emergency funds in place if one is thinking of investing in Bitcoin.

We can invest in Bitcoin with consistency and for long term only if we have money to fulfil daily requirements and emergency funds to counter the emergencies. That's why it's recommended to invest in Bitcoin with discretionary income.   

Of course. Discretionary income is used to invest, consume and/or save.. so each week or month (depending on frequencies of getting paid) income will come in and calculations might be made regarding how much is needed to cover various basic expenses before determining how much is left that would be considered to be discretionary funds. Also the discretionary funds from the past had likely been used to consume, invest and/or save, and the consumption ones would be totally gone or almost totally gone depending on what they were spent on.. 
It they were spent to buy a blender, then the blender may still have value, but not the same amount of value that it was bought for when it was new.  so from the investment and savings, with bitcoin we are trying to protect that investment.. or at least protecting our bitcoin seems that it should be a priority for someone who is serious about bitcoin, even though there will be variation.

If you have left over money or discretionary income then saving it won't be a good idea because fiat currency loses it's value over period of time. The best option is to invest your Discretionary income and why we talk about investing in Bitcoin is because it's value increases with time. We can look in past and easily figure out the profit Bitcoin has given to people who waited for at least 4 years and profit increases as your tenure of investment increases.   

[Joeboy]

Separating funds is more ideal than having it all together! However it's a matter of awareness and or decision. As soon as it's money that some people are not making use of, they see it as savings not even knowing or minding the advantage that could come from properly separating these funds.
Ordinarily, when you make savings, it's for unforeseen circumstances of which emergency is part of it. So separating emergency funds does not mean expecting problem.

There really is no need for too much emphasis, separating of your funds should simply be common sense for folks who are very well concerned about avoiding any kind of mix up in their finances/ investment/day to day spending...C'mon when folks begin to start keeping all of their fundz, like their emergency funds, reserve funds, float, discretionary income for investing, together, that's simply like inviting or begging for confusion and bad decisions........properly separating your funds brings about clarity, coz you would know exactly what each one is meant for and you will be less likely to touch money that was never meant to be touched in the first place.

[CageMabok]

...

...

If our Bitcoin ownership is small, wealth follows the amount of Bitcoin ownership if the benchmark is how much Bitcoin ownership is.
Good practices will produce good results too. Poverty can be reduced, although not completely eliminated.

I admit that the two paragraphs above hit the target in essence regarding practice because as in the first paragraph, it shows the meaning of freedom where we do not have to claim someone's wealth.
The point from the second paragraph in your post that I snip shows is that management will be able to save everything, not only the physical, but the non-physical, such as thinking will be wiser so that it will form a good personality in an economic context. This is not a supposed conclusion but rather what I understand.

Any job always requires good management. It's not aimed at just one or two jobs; almost all jobs require management to ensure a smooth, well-structured process. For example, some people intentionally buy Bitcoin after learning about it through reading online. So he strives to continue doing this every week, using more organized financial management. Such people will become more motivated when they can immediately see the benefits of their own work. However, for those who already own Bitcoin and have not held it for long, they still need to train themselves not to panic easily and also not be easily tempted by small profits so that they can have a stronger Bitcoin holding power for the long term after they have good management when buying Bitcoin.

[laspol65]

Separating funds is more ideal than having it all together! However it's a matter of awareness and or decision. As soon as it's money that some people are not making use of, they see it as savings not even knowing or minding the advantage that could come from properly separating these funds.
Ordinarily, when you make savings, it's for unforeseen circumstances of which emergency is part of it. So separating emergency funds does not mean expecting problem.

There really is no need for too much emphasis, separating of your funds should simply be common sense for folks who are very well concerned about avoiding any kind of mix up in their finances/ investment/day to day spending...C'mon when folks begin to start keeping all of their fundz, like their emergency funds, reserve funds, float, discretionary income for investing, together, that's simply like inviting or begging for confusion and bad decisions........properly separating your funds brings about clarity, coz you would know exactly what each one is meant for and you will be less likely to touch money that was never meant to be touched in the first place.

If Bitcoin investment can be invested according to the DCA method, then it is definitely important to set up an emergency fund, the person who will allocate money from his daily income for Bitcoin investment can set aside any amount of money from 10% to 20 percent of his income according to his ability. This will depend on the Bitcoin investor, we cannot predict in any way how much he will be able to invest in Bitcoin, so the investor must be able to buy Bitcoin as much as he can with the money, excluding his basic expenses, according to his ability. However, if he follows the Bitcoin DCA method on a weekly basis, then it will be most ideal to invest Bitcoin according to his ability, following up with his regular purchases.

[Gallar]

Emergency funds should be kept separate from everything else, even savings. Now sometimes people think that savings can be used as an emergency fund, yes it can be used, but it will be more optimal if it is placed separately. Emergency funds, from the name alone, we should already know when the funds will be used.

I agree with you, even when we don't invest, we should still have an emergency fund. Keep in mind that we will not always be in a good situation, I say this not that I expect bad things to come, but it would be much better if we prepare everything.

Of course, emergency funds should not be combined with savings, because in terms of their purpose, the two are very different. As we know, emergency funds are money set aside for urgent situations such as illness and so on. So, to make things easier and to avoid confusion, emergency funds should be kept separate from other funds. In addition, my advice is that a small portion of the emergency fund should be kept at home for easy access, and the rest can be stored in a bank account.

However, the problem is that if we keep money in a bank account for a long period of time, the emergency fund will inevitably be eroded by inflation. Therefore, the best solution, in my opinion, is to store the emergency fund in an asset that is not eroded by inflation. But here I am also confused about what asset is suitable for storing emergency money. Bitcoin could be an option, but the problem is that its price fluctuations are unpredictable. Therefore, I believe mutual funds would be very suitable for storing our emergency funds. What do you think about this? Is it relevant or not? Because currently, I have already transferred part of my emergency funds into mutual funds.

[Qhunman]

Being aggressive is actually not a problem as long as you are aware of the risks involved and you are using money that has been specifically set aside for investment in bitcoin. Even if it is for the long term, there is no need to worry about the price you are buying at today.

You are absolutely right, being aggressive should be done in the right direction which is buying from your Reserve fund while regular your DCA buying is ongoing. In a scenario where you don't have a reserve funds to buy aggressively and you start using funds kept aside for your basic needs,then you're actually gambling with your bitcoin investment. Aggressive buying should be done with the use  Discretionary income, that away you don't over do it, since they are left over money you wouldn't be using for essentials.

[Agbamoni]

There really is no need for too much emphasis, separating of your funds should simply be common sense for folks who are very well concerned about avoiding any kind of mix up in their finances/ investment/day to day spending...C'mon when folks begin to start keeping all of their fundz, like their emergency funds, reserve funds, float, discretionary income for investing, together, that's simply like inviting or begging for confusion and bad decisions........properly separating your funds brings about clarity, coz you would know exactly what each one is meant for and you will be less likely to touch money that was never meant to be touched in the first place.

I agree with you here. These are basic things for an investor. We dont need to put all our eggs in one basket, even if they are for separate reasons. Provided that they are in the same wallet means they may be used for the same reasons. When allocating our discretionary income, investment funds should go to their own wallet, same with emergency funds, and extra savings for aggressive investment should go to their own separate wallet. If we also want a wallet for spending, it should be a separate wallet, not to be in the same wallet. It will only complicate things more and more for the investor.

[sotelorene]

. If we are investment-oriented then of course buying cheap Bitcoin would be a good advantage but whether or not the unexpected moment will ever happen or can happen is also not sufficiently accurate.

Time's without numbers, it has been stated very clearly by sir jayguangee in this thread that buying the dip is not a problem if you are not waiting for it before buying, you should be buying and accumulating consistently regardless of it price and when the dip comes, you can still buy aggressively with your reserve funds or with your available discretionary income then, because that's the best way to go.
Where the problem are is waiting for a dip that may never come, which might compel you to miss a whole lot of buying opportunities since no one knows what may happen to the price of Bitcoin in the next few minutes or hours, so buying and accumulating without paying attention to it price is the best way to accumulate a good stash of Bitcoin, not by trying to play smart and wait for a dip instead of buying once your discretionary income is available.

Explicitly see, my interpretation of the statement was not different from what you analyzed. Actually, buying on dips is not a problem if you don't wait before buying. If someone consistently buys only waiting for a specific dip before starting, in my view they may end up not buying Bitcoin at all, just delaying the investment with excuses. No one can say where the price of Bitcoin can reach or fall in the next few minutes or hours, so the initial step is to start regardless of the price, so the first thing to do is to choose what the next step is for the person because even though the market always gives opportunities, not everyone can take them due to weak mentality. So Futurexxx you have said the right thing that the best way to exploit the market downturn is to buy aggressively with reserve funds or available discretionary income but before that, we need to put the right systems into practice and achieve consistency in creating a balanced digital gold Portfolio through the right steps.

Buying aggressively during a decline or buying aggressively while continuing to buy consistently does not seem to me to be the right decision. Because if a person does not keep the amount of money that he is putting aside for aggressive buying and continues to buy consistently, it will be better for them. Because waiting for a decline is the same as waiting for an unknown future.

Just as we create a fantasy world in our dreams, waiting for a decline is the same. Because if the market does not fall, the price you are able to buy at this time, if you miss this opportunity, you can regret it later. So instead of waiting to buy aggressively during a decline, continue investing in line with your consistent investment, it will be good for you.

You sound very confused and complicated i don't understand what you mean by buying aggressively during a decline or buying aggressively consistently to be a bad decision, if an investor has more discretionary income and decide to buy BTC aggressively either consistently i don't see any thing wrong with that provided it won't affect your bitcoin investment. Waiting for bitcoin to dip before buying is what i see is bad most expecially to newbies investor who there attention should be on how to buy consistently and persistently either every weeks or months and hodl for long.

You seems to be the one that doesn't understand what Gost ms is talking about because he didn't say in his post that buying during the decline is wrong but rather he was saying that instead of an investor to wait to buy aggressively during the Dip which is buying when the market is down, that it is better to buy consistently using your discretionary income by using the DCA method that was the information he was trying to pass across but you misunderstood it and that is actually correct, it is good to be aggressive but while you are waiting for such opportunity to come it is advise you accumulate gradually that is what a wise investor will always do and it will help that investor grow faster.

[fredericktaylor]

Being aggressive is actually not a problem as long as you are aware of the risks involved and you are using money that has been specifically set aside for investment in bitcoin. Even if it is for the long term, there is no need to worry about the price you are buying at today.

Yea, you are right about this, being aggressive towards your accumulation of Bitcoin is never a problem, besides it's a good practice that helps in stacking up a huge stash of Bitcoin faster, but make sure your level of aggressiveness stays within the confinement of your discretionary income, that way you can easily be in control of what ever shit that may comes your way along the line.
Where the problem lies when buying and accumulating Bitcoin aggressively is overdoing it to the extent of going beyond your discretionary income or get carried away to the extent of going beyond it. Once an investor is cautious enough to not get carried away and stays within the confinement of his discretionary income, the sky will be the beginning point of his successful accumulation of a reasonable stash of Bitcoin if he is very consistent in his accumulation while being aggressive.

Buy Bitcoin with your own discretionary money is much better, as it allows you to hold it for a long time with confidence, no matter how bad the market conditions. Bitcoin is a long-term investment system, when we use discretionary money and stay within our means, our confidence increases and over time it becomes relatively easy to buy more Bitcoins and hold them for the long term. So by using discretionary money when purchasing Bitcoin, you won't be afraid of a market fall, you can hold Bitcoin with confidence, and you can expect success by purchasing Bitcoin and holding it for a long time.

[Tmoonz]

. If we are investment-oriented then of course buying cheap Bitcoin would be a good advantage but whether or not the unexpected moment will ever happen or can happen is also not sufficiently accurate.

Time's without numbers, it has been stated very clearly by sir jayguangee in this thread that buying the dip is not a problem if you are not waiting for it before buying, you should be buying and accumulating consistently regardless of it price and when the dip comes, you can still buy aggressively with your reserve funds or with your available discretionary income then, because that's the best way to go.
Where the problem are is waiting for a dip that may never come, which might compel you to miss a whole lot of buying opportunities since no one knows what may happen to the price of Bitcoin in the next few minutes or hours, so buying and accumulating without paying attention to it price is the best way to accumulate a good stash of Bitcoin, not by trying to play smart and wait for a dip instead of buying once your discretionary income is available.

Explicitly see, my interpretation of the statement was not different from what you analyzed. Actually, buying on dips is not a problem if you don't wait before buying. If someone consistently buys only waiting for a specific dip before starting, in my view they may end up not buying Bitcoin at all, just delaying the investment with excuses. No one can say where the price of Bitcoin can reach or fall in the next few minutes or hours, so the initial step is to start regardless of the price, so the first thing to do is to choose what the next step is for the person because even though the market always gives opportunities, not everyone can take them due to weak mentality. So Futurexxx you have said the right thing that the best way to exploit the market downturn is to buy aggressively with reserve funds or available discretionary income but before that, we need to put the right systems into practice and achieve consistency in creating a balanced digital gold Portfolio through the right steps.

Buying aggressively during a decline or buying aggressively while continuing to buy consistently does not seem to me to be the right decision. Because if a person does not keep the amount of money that he is putting aside for aggressive buying and continues to buy consistently, it will be better for them. Because waiting for a decline is the same as waiting for an unknown future.

Just as we create a fantasy world in our dreams, waiting for a decline is the same. Because if the market does not fall, the price you are able to buy at this time, if you miss this opportunity, you can regret it later. So instead of waiting to buy aggressively during a decline, continue investing in line with your consistent investment, it will be good for you.

No you are getting it wrong there is nothing wrong with buying Bitcoin aggressively at any time or conditions of the market, it is being overly aggressive with your buying that is problematic since at that point you are buying Bitcoin in such a way it will negatively affect your other areas of important life expenses, you can aggressive with your buying regardless of the market conditions provided you are buying within the level of your discretionary income that you may choose to invest in to Bitcoin.

[IjawMan]

Being aggressive is actually not a problem as long as you are aware of the risks involved and you are using money that has been specifically set aside for investment in bitcoin. Even if it is for the long term, there is no need to worry about the price you are buying at today.

Yea, you are right about this, being aggressive towards your accumulation of Bitcoin is never a problem, besides it's a good practice that helps in stacking up a huge stash of Bitcoin faster, but make sure your level of aggressiveness stays within the confinement of your discretionary income, that way you can easily be in control of what ever shit that may comes your way along the line.
Where the problem lies when buying and accumulating Bitcoin aggressively is overdoing it to the extent of going beyond your discretionary income or get carried away to the extent of going beyond it. Once an investor is cautious enough to not get carried away and stays within the confinement of his discretionary income, the sky will be the beginning point of his successful accumulation of a reasonable stash of Bitcoin if he is very consistent in his accumulation while being aggressive.

This is the mistake some do make when in the bid to stack up a huge bitcoin stash, the aggressive accumulation is misinterpreted to be about buying beyond their discretionary income and this can overstretch them in the process because it is done wrongly. 
Accumulating bitcoin aggressively has to do with actively accumulating your bitcoin stash consistently but within your discretionary income and not going overboard on it. Having a aggressive mind in the process of your bitcoin accumulation and maximizing it in the right manner is paramount.

[ejikeme24]

One does not need to be dependent on a particular source of income so for me I don't mind hold my Bitcoin for even if it's two decades because instead of withdrawing my Bitcoin I increase my holdings in Bitcoin and that's because do it as if my savings truthfully speaking  I invest in Bitcoin only with funds that can be kept for a very long period of time without being touched.

it is not about having multiple source of income or not to me having one stable source of income with a decent pay is better than having multiple source of income which most of the source might not be stable, though it's individuals choice to decide either to stick to one particular source or to looking into creating other source. However I think it depends on how stable a guy's source of income is and also the pay, if the pay is not enough to take care of our expenses then we have every right to decide either to quit the job or to look into creating another source of income so as to enable us meet up with our expenses and our Bitcoin investment.

[ASloveapg]

I totally agree with you emergency funds is very vital to have and it is both compulsory and necessary and people who don't forget to keep this emergency funds are planned and disciplined folks. There are people who think ahead in life and there also people that doesn't and those who think ahead of life are the ones that set out things and make it ready in case there is emergency in the future because surely there will always be trials even when we don't want to see any.

Regardless of whether we invest or not, emergency funds must still exist because this can indeed be a situation where we can need something urgently without us expecting it so that emergency funds must indeed have a budget in financial management.
But sometimes some of us misinterpret emergency funds where some people are sometimes still confused and consider emergency funds as a fund that is used to buy bitcoin but the main purpose of emergency funds is not for this.

Whereas the funds for investing should be funds that can indeed be specialized directly for investing or maybe funds that do come from income that we are ready to spend, then surely this will be different between emergency funds and funds that we can invest but sometimes some people are still wrong in the initial assumption that we can spend emergency funds on bitcoin.

Emergency funds should be kept separate from everything else, even savings. Now sometimes people think that savings can be used as an emergency fund, yes it can be used, but it will be more optimal if it is placed separately. Emergency funds, from the name alone, we should already know when the funds will be used.

I agree with you, even when we don't invest, we should still have an emergency fund. Keep in mind that we will not always be in a good situation, I say this not that I expect bad things to come, but it would be much better if we prepare everything.

Separating funds is more ideal than having it all together! However it's a matter of awareness and or decision. As soon as it's money that some people are not making use of, they see it as savings not even knowing or minding the advantage that could come from properly separating these funds.
Ordinarily, when you make savings, it's for unforeseen circumstances of which emergency is part of it. So separating emergency funds does not mean expecting problem.

It is good to create an emergency fund by being aware of emergencies. The purpose of creating an emergency fund is to be prepared to deal with unexpected situations. This is especially important in the case of investments. Because when an investor sets a goal for his money, that person can be stress-free during a crisis and can make more stable financial decisions in the long term. When separate budgets are planned for emergency funds, savings and investments instead of keeping all the money in one place, specific boundaries are created for each area as to how much money you will invest, how much money you will save and create an emergency fund. And as a result of such planning, you can stay away from emotional decisions and unnecessary expenses. Therefore, an emergency fund is the foundation of financial discipline that helps you be aware and responsible for the future.

[Silikiem]

Emergency funds should be kept separate from everything else, even savings. Now sometimes people think that savings can be used as an emergency fund, yes it can be used, but it will be more optimal if it is placed separately. Emergency funds, from the name alone, we should already know when the funds will be used.

I agree with you, even when we don't invest, we should still have an emergency fund. Keep in mind that we will not always be in a good situation, I say this not that I expect bad things to come, but it would be much better if we prepare everything.

Of course, emergency funds should not be combined with savings, because in terms of their purpose, the two are very different. As we know, emergency funds are money set aside for urgent situations such as illness and so on. So, to make things easier and to avoid confusion, emergency funds should be kept separate from other funds. In addition, my advice is that a small portion of the emergency fund should be kept at home for easy access, and the rest can be stored in a bank account.

However, the problem is that if we keep money in a bank account for a long period of time, the emergency fund will inevitably be eroded by inflation. Therefore, the best solution, in my opinion, is to store the emergency fund in an asset that is not eroded by inflation. But here I am also confused about what asset is suitable for storing emergency money. Bitcoin could be an option, but the problem is that its price fluctuations are unpredictable. Therefore, I believe mutual funds would be very suitable for storing our emergency funds. What do you think about this? Is it relevant or not? Because currently, I have already transferred part of my emergency funds into mutual funds.

The emergency funds is a very essential tool in our daily lives and investment. Just as the name implies, it’s a fund or money we can reach out to incase of any emergency and we all know that emergencies doesn’t plan or inform us before occurring, it can occur anytime and any moment. Having known all these, I think what really matters here is the quick or instant accessibility of our emergency funds whenever we need it, irrespective of where it is being kept or stored, what matters most is your ability to easily access it whenever it is needed for use. If you’re sure that if you store your emergency funds in a mutual funds that you can easily access it anytime you need it for emergency situations then you can save it there, of which I still have a little doubt about saving it in a mutual funds which I believe is controlled by some managers, and there may be some procedures before you can access it when needed. Your Emergency funds needs to be accessible and controlled by you and that is why keeping it in a fiat is advisable and even more preferable because you can easily go to it and make use of it instantly when the emergency occurs especially some emergencies which are really life threatening.

[JayJuanGee]

[edited out]

I would say it varies from person to person. Like if you are doing a job that fully covers your health insurance than one might be comfortable with 2 to 3 weeks of back up funds. For people who don't have a job or any other thing that covers there health insurance those guys might reserve some more amount for emergency needs. Every individual can decide himself that how much cash is enough for him to counter emergency situations. But it's important to have emergency funds in place if one is thinking of investing in Bitcoin.

Of course the quantity of various back up funds will be coupled with thoughts about the various resources that a person has, how liquid and/or accessible are those resources, and what are the various kinds of emergencies that coudl happen, some more likely some less likely and perhaps even having some extra cushion to cover extremes of what is even less expected.. but having some ideas about what would be done under various scenarios, even the extreme ones.

Beginner investors will likely not have as many resources, and perhaps they ONLY have an ability to survive a few weeks or a month or two, yet the longer that he builds his wealth then he will likely build up cash to cover his bitcoin and perhaps his bitcoin would still be his emergency funds once the various other cash and other assets are depleted... so there would be an order of depletion and guys will prioritize their various assets in different ways, and they might even make mistakes in regards to how they draw their priorities, especially if they might not understand the asset (something like bitcoin)..

I had made the point that if a person has something like 4 to 5 years of the value of his expenses in his bitcoin, then he likely would be in a better position than someone who merely has 3-4 weeks of the value of his expenses in bitcoin.. and surely bitcoin is quite volatile, and if guys come into an emergency and they have 4-5 years of the value of their expenses in bitcoin, but then they have around 6 months of their expenses in the combination of a variety of other assets, they may well deplete the other assets first, and maybe after a few months they are able to get out of their emergency situation, and yeah, if they are in the emergency situation for longer than 6 months then they might have no other choice but to start to tap into the bitcoin, and maybe the bitcoin had gone up or down in value during that time.. 

If the bitcoin corrects around 50%, then their bitcoin had ended up shrinking down to 2 to 2.5 years of their expenses.  Part of the reason that I frequently try to value my BTC at the 200-WMA is so that I am mostly valuing it at bottom prices (or close to bottom prices) rather than being unrealistic about it, yet surely if we are considering whether to shave off some bitcoin, we are going to be selling at spot prices, so yeah, we would likely prefer spot prices are higher, yet we cannot always choose the point in which we "need" the money.

We can invest in Bitcoin with consistency and for long term only if we have money to fulfil daily requirements and emergency funds to counter the emergencies. That's why it's recommended to invest in Bitcoin with discretionary income.   

Of course. Discretionary income is used to invest, consume and/or save.. so each week or month (depending on frequencies of getting paid) income will come in and calculations might be made regarding how much is needed to cover various basic expenses before determining how much is left that would be considered to be discretionary funds. Also the discretionary funds from the past had likely been used to consume, invest and/or save, and the consumption ones would be totally gone or almost totally gone depending on what they were spent on.. 
It they were spent to buy a blender, then the blender may still have value, but not the same amount of value that it was bought for when it was new.  so from the investment and savings, with bitcoin we are trying to protect that investment.. or at least protecting our bitcoin seems that it should be a priority for someone who is serious about bitcoin, even though there will be variation.

If you have left over money or discretionary income then saving it won't be a good idea because fiat currency loses it's value over period of time. The best option is to invest your Discretionary income and why we talk about investing in Bitcoin is because it's value increases with time. We can look in past and easily figure out the profit Bitcoin has given to people who waited for at least 4 years and profit increases as your tenure of investment increases.   

If you have a longer term mindset, then it seems to be less necessary to be fucking around trying to consider the extent to which you are in profits or not... so each time you add more to your investment, maybe you will consider that added portion to have a 4-10 year or longer timeline before it is needed, so if you are continuing to add to your bitcoin, then you are likely projecting your timeline out further, and personally, I don't see any reason to be planning to cash out in less than 10 years unless you have some age or health concern that causes you to have to come to bitcoin with a shorter than 10 year timeline.  Of course if there is some emergency (not something of your own making), then yeah, you might get faced in a situation where you are selling some or all of your bitcoin at a time that is much shorter than your at least 10 year timeline.

So, I have trouble understanding how your considering the extent to which you are in profits or not to be very much of a factor in regards to when you might buy your bitcoin.  Of course, we likely presume that bitcoin's price is going to continue to tend to have an upwards trajectory and also that bitcoin might be amongst the best, if not the best place to put value, so we continue to invest into it based on ideas that 10 years or more in the future it is likely to be in a better position than currently, and so the short-term price fluctuations in bitcoin prices would not be having much if any influence on our actions, even though we might look at bitcoin short-to-medium term as curiosities and points of interest, even though we are not materially changing any of our actions based on our looking at BTC price fluctuations.

Emergency funds should be kept separate from everything else, even savings. Now sometimes people think that savings can be used as an emergency fund, yes it can be used, but it will be more optimal if it is placed separately. Emergency funds, from the name alone, we should already know when the funds will be used.

I agree with you, even when we don't invest, we should still have an emergency fund. Keep in mind that we will not always be in a good situation, I say this not that I expect bad things to come, but it would be much better if we prepare everything.

Of course, emergency funds should not be combined with savings, because in terms of their purpose, the two are very different.

Emergency funds are savings... and so are reserve funds.  Reserve funds have optional use and emergency funds are likely the last of the remaining funds before having to tap into bitcoin.. .. so they may be conceptual categories, even though surely you might keep them in different places or different forms... even though we need to have some concerns about liquidity and volatility for our two categories of savings (which are reserve funds and emergency funds)..

As we know, emergency funds are money set aside for urgent situations such as illness and so on. So, to make things easier and to avoid confusion, emergency funds should be kept separate from other funds. In addition, my advice is that a small portion of the emergency fund should be kept at home for easy access, and the rest can be stored in a bank account.

Sure, there may be reasons to keep them separate based on personal circumstances.

However, the problem is that if we keep money in a bank account for a long period of time, the emergency fund will inevitably be eroded by inflation. Therefore, the best solution, in my opinion, is to store the emergency fund in an asset that is not eroded by inflation. But here I am also confused about what asset is suitable for storing emergency money.

Of course, people are concerned about volatility of their asset, which includes debasement. and so a risk of keeping too much cash is that it likely debases... bitcoin does not resolve your problem in regards to its short term volatility... which is part of the reason that bitcoin would not be considered to be part of emergency funds until maybe once a person gets to higher wealth levels then he will have more options, including that if his bitcoin starts to get to be to a level that is several times the annual expenses, then some folks might be ok. with having their bitcoin serve as part of their emergency funds, even though it might not be good for the bitcoin investment, especially if a person might be trying to get to fuck you status with his bitcoin holdings... so it might b problematic to tap into the bitcoin, even for possible emergency situations... which brings us back to the idea of keeping value in other assets and/or cash even though the cash is debasing regularly.

Bitcoin could be an option, but the problem is that its price fluctuations are unpredictable. Therefore, I believe mutual funds would be very suitable for storing our emergency funds. What do you think about this? Is it relevant or not? Because currently, I have already transferred part of my emergency funds into mutual funds.

Mutual funds can be anything.. some are more volatile than others and some are more liquid than others, and if you have an emergency, then maybe some funds you draw right away, and other funds take you several weeks to get and other funds might take you more than a month.. and so you have to assess both the volatility and the liquidity in terms of what other funds that you might also have available... maybe you ONLY feel comfortable keeping 6 weeks of expenses in cash, but then what if you have some situation in which you need that 6 weeks of cash within a few days.. then how long is it going to take you to get to your other resources, and might you end up tapping into your bitcoin at a time that might not be convenient because you have no other assets (or cash/cash equivalents) that are liquid enough.  You can do whatever you want, but if you end up screwing it up at a time of an emergency, then you might be regretting the way that you had chosen to set it up...and you end up losing more based on your poor set up rather than the severity of the emergency might not even be very extreme, but you end up having to take recourses that have large impacts even though the emergency was not very large in itself.