Bitcoin reserved funds are not meant for fun spending

[Kliss]

In the process of our Bitcoin accumulation, it is beneficially necessary we keep aside reserve funds. Reserved funds are money kept aside for future purposes and these incidents are likely anticipated, it is slightly distincts from emergency funds.

Most investors now successfully keep aside their reserve funds but in a way are spending from it for the wrong reasons. These funds are the primary backbone of an investor and should be carefully spent, if wastefully spent then comes the need for financial involvement whereas if there is nothing left in the reserve funds balance then the investor will be left with no option than to terminate part of his portfolio which is a wrong practice for a good investor.

Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.

Bitcoin reserved funds should be treated with caution and not used for casual spending. It's crucial to handle these funds with care and be mindful of their value and purpose. Indeed, having reserved funds in investments can offer a layer of stability, by setting aside funds for specific purposes, you create a safety nets and can give an investor advantage to capitalise on opportunities available. It allows you to have a shield to rely on, ensuring that your investment portfolio remains resilient and well managed. The Critical need to manage reserved funds effectively to maximize their impact on our investments by employing strategic planning and careful consideration, we can ensure that these funds serve as a catalyst for our investment growth. Implementing a disciplined approach to spending and allocating reserved funds can help enhance our overall investment strategy and provide a solid foundation for financial success in the long term.

[Agbamoni]

Apparently, I thought you meant having a Bitcoin reserve fund, just like having a reserved Bitcoin fund whenever you use your other Bitcoin accumulated portfolio to take risks like buying and selling, which may be considered trading. However, the reserve fund you are referring to is a general fund and the topic should be Reserve funds are not meant for spending excluding the Bitcoin there.

The reserve fund is extremely necessary and not just something that one should take less seriously. This is because when accumulating Bitcoin there are times when we would want to buy more than we have made up in our minds to buy. We get to tap into the reserve funds and buy then later fill it. Just like you have said reserve fund is not something that one can be scared of touching because it is not an emergency fund that is needed for emergency purposes.

[Amicablecrypto]

Reserve funds serve for all purpose and act as a safety net for unanticipated circumstances, when you are building your Bitcoin investment is proper you have a reserve funds. However to correct something reserve funds don't have a especially place or circumstance to use it for any unanticipated circumstances that comes up you can you your reserve funds to handle it, it could be for fun for example you are to attend a birthday party and you need money so you can use it to buy drinks and other things you can dip hands into your reserve funds for that, reverse funds is different from emergency funds emergency funds are only for emergencies purposes so let no the difference and it's always advised to have a strong emergency, reserves and float funds in other to make your Bitcoin accumulation journey a successful one because without all this funds in place you will be tempted to dip hands into your Bitcoin investment.

[Sonia_123]

Emergency funds has to do with your personal money kept aside for safety purpose of your financial use when the need arises, that is sudden expenses and the amount kept aside depends on the kind of life you live, your monthly income and expenses you make for the month.
In investing for you to accumulate and hodl ing more for a long-term on Bitcoin either by lump sum or DCA aside from your initial budget due to change in price of Bitcoin or otherwise, it has to do with emergency fund . In other to achieve this, you have to be focus and concentrate. Emergency fund is to solve immediate and urgent pressing need, just like sudden I'll health or accident.
While reserve fund are funds kept for things you need and things you don't need that you can spend whenever you want it and on anything just like the fun and enjoyment Op mentioned .

[Dzwaafu11]

In the process of our Bitcoin accumulation, it is beneficially necessary we keep aside reserve funds. Reserved funds are money kept aside for future purposes and these incidents are likely anticipated, it is slightly distincts from emergency funds.

Everything can be done when there is a plan. Although I understand what you are saying, the last thing to mention here that will make you understand it better is a plan. As an investor who is looking up to other investors and wants to invest for a long period of time, you really need to plan well before going to a bitcoin investment, as it will require you to be patient and not touch your funds unless you are in trouble and there is no other way to get another money to continue taking care of you at first until I get married.

[Stable090]

In the process of our Bitcoin accumulation, it is beneficially necessary we keep aside reserve funds. Reserved funds are money kept aside for future purposes and these incidents are likely anticipated, it is slightly distincts from emergency funds.

If you Dey invest for bitcoin and you no get emergency funds, then anytime wey problem happen, and you need money, na that bitcoin wey you buy, na him you go sell use the money solve the problem. But it’s just better we divide our money if we want to invest, make one Dey our invest wallet, make we leave the other one for either bank or make we leave am for stable coin for wallet wey we go fit easy convert to naira anytime wey we want am.

Most people hardly have reserve funds, most of them always use everything which they have to invest which is not really making sense, I no talk say make we no invest, but make we know put all money for crypto, we suppose get some money outside crypto.

[SOKO-DEKE]

In the process of our Bitcoin accumulation, it is beneficially necessary we keep aside reserve funds. Reserved funds are money kept aside for future purposes and these incidents are likely anticipated, it is slightly distincts from emergency funds.

As a Bitcoin investor, it is very important to always have reserve funds in case any emergency comes up in the future so that you will not temper with your Bitcoin investment before someone can solve the problem that came up. Some people find it hard to be successful in their Bitcoin investments all due to this issue of not having reserve funds that will always back up their Bitcoin investments whenever any problem arises.

Sometimes, there are people who always have the mindset of holding their Bitcoin for a long time so they can make a good profit, but along the way, they start selling and later end up selling all. Many always sell their Bitcoin at the wrong time, especially when the Bitcoin price is down. So, for any Bitcoin investor, having an emergency fund is always necessary to avoid selling your Bitcoin investment later.

[EclipseXcrypto]

Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.

Bitcoin investment no mean say person no go plan to enjoy himself, afterall di main reason wey we de take do investment na to enjoy a better life for future. Di solution to not spending money anyhow na to get budget for your income, you need to get plans for every expenses wey you go make so dat distractions no go enter, anything wey no de for di budget no go follow for expenditures. So person fit to make budget once in a while for fun and enjoyment because all work and no play no good for mental well-being.

Competition no de for Bitcoin investment, person go accumulate and hodl as im power reach from di budget wey im map out for investment. Di most important thing na to comot money for di basic needs of di month, save some money for miscellaneous and emergency expenses, den comot money for your Bitcoin DCA method. Once in a while if no emergency expenses happen, then e good to take di money to entertain yourself, afterall na you work for am.

Wetin the OP dey try talk about nah money wey we keep aside for our bitcoin investment make we no spend am for nothing. E no mean say investor no fit enjoy or catch cruise but differentiate de money dem,  make ee be say the one for flexing dey go to that purpose. But de reserved money, wey dey set aside for bitcoin accumulation make we no use am for other things like fun spending.  Reserved funds dey important well  well, nah booster to our investments,  ee dey help us take advantage of the market when opportunity like dip come, we fit buy plenty bitcoin from our Reserved funds during that time.

Wetin Op forget to add,  nah to differentiate emergency and reserved funds because some people fit think say the both na desame but emergency funds and reserved funds no be desame. Emergency funds na investment backup, so that incase things wey we no expect come up we no go sell our bitcoin but spend or solve the issue from emergency funds. While Reserved funds na money we keep aside for our investment to dey buy bitcoin continuously and if DIP opportunity come u fit buy from reserved funds .

[Jaycoinz]

Reserve funds serve for all purpose and act as a safety net for unanticipated circumstances, when you are building your Bitcoin investment is proper you have a reserve funds. However to correct something reserve funds don't have a especially place or circumstance to use it for any unanticipated circumstances that comes up you can you your reserve funds to handle it, it could be for fun for example you are to attend a birthday party and you need money so you can use it to buy drinks and other things you can dip hands into your reserve funds for that, reverse funds is different from emergency funds emergency funds are only for emergencies purposes so let no the difference and it's always advised to have a strong emergency, reserves and float funds in other to make your Bitcoin accumulation journey a successful one because without all this funds in place you will be tempted to dip hands into your Bitcoin investment.

Whatever the type of funds be it reserve, emergency or float funds, the aspect of all these is so that over investment are secure and safe from selling and re-buying because if you are always tempering with your investment their is a high tendency that you end up scattering the whole investment and spending all the money on things that you didn't plan for and that's why it's paramount to have scheduled all these spare funds to atleast have a good Bitcoin holdings.

[Juicyhome]

Reserve funds serve for all purpose and act as a safety net for unanticipated circumstances, when you are building your Bitcoin investment is proper you have a reserve funds. However to correct something reserve funds don't have a especially place or circumstance to use it for any unanticipated circumstances that comes up you can you your reserve funds to handle it, it could be for fun for example you are to attend a birthday party and you need money so you can use it to buy drinks and other things you can dip hands into your reserve funds for that, reverse funds is different from emergency funds emergency funds are only for emergencies purposes so let no the difference and it's always advised to have a strong emergency, reserves and float funds in other to make your Bitcoin accumulation journey a successful one because without all this funds in place you will be tempted to dip hands into your Bitcoin investment.

Whatever the type of funds be it reserve, emergency or float funds, the aspect of all these is so that over investment are secure and safe from selling and re-buying because if you are always tempering with your investment their is a high tendency that you end up scattering the whole investment and spending all the money on things that you didn't plan for and that's why it's paramount to have scheduled all these spare funds to atleast have a good Bitcoin holdings.

no matter what happened never temper with your reserved bitcoin, and if you're not a daily trader, don't be opening your wallet, just ignore it like they never exit. Because if you keep visiting your wallet you be tempted to withdraw if the price is dropping . That's why is adviceable to use your spare cash, not cash you need in two months time to invest in bitcoin. Bitcoin holding has saved many people, and make many millionaires, so if you want to enjoy bitcoin then you have to hold for long.