Balancing Financial security and Bitcoin Accumulation

[Hardyrobust]

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....All these can't not be known without starting.  So the fear of starting can really deprive the potential investor of all these knowledge. If the investor if sure interested, and is able to figure out his discretionary income, with the volatility of Bitcoin in mind,  he can begin immediately, as experience and time will expose him betterly to adjust and help him take better decisions as to the growth and sustainability of his assets, offcourse, Hodling for long

you are right here. The most important an investor needs to start buying bitcoin is discretionary income. An investor should be able to determine if they have discretionary income to invest with. Once they can be able to tell if they have discretionary income to invest with them they are good to go . Every other thing is now secondary and they can actually be doing these things while buying bitcoin. Not starting as a result of wanting to know more about the risk or learn all that is needed before starting can makes an investor to lose out in opportunity that market may offers.

[Merit.s]

Investing to get rich is not a bad thing, no matter what coin it is, but investing requires proper planning, patience, and money. The entire ecosystem of Shitcoin is designed in such a way that if you invest without understanding, there is a high chance of losing money in a new situation. People keep emergency funds to manage their lives in case they lose their jobs, but Bitcoin is long-term. Bitcoin is a long-term investment technology. This means that even if people cannot save money due to inflation, Bitcoin can help them create that savings. Many people also use Bitcoin savings as an emergency backup.

Even with your proper understanding of a shitcoin, you will still run at loss because it's a gambling tools. Is just like you say that if a gambler has a proper understanding of the game, he will make profit which is the opposite. The reason is that shitcoins were created to scam investors who are looking for huge profits within a short period of time with little money invested.

Bitcoin was created to save people from fiat debasment and control of your funds from centralized authorities. The good part of it is that bitcoin is currently a store of value overtime which makes it the only coin worth investing into for the future.

[Joeboy]

Investing to get rich is not a bad thing, no matter what coin it is, but investing requires proper planning, patience, and money. The entire ecosystem of Shitcoin is designed in such a way that if you invest without understanding, there is a high chance of losing money in a new situation. People keep emergency funds to manage their lives in case they lose their jobs, but Bitcoin is long-term. Bitcoin is a long-term investment technology. This means that even if people cannot save money due to inflation, Bitcoin can help them create that savings. Many people also use Bitcoin savings as an emergency backup.

How silly of them. Guys really need to stop making the mistake of mixing up their emergency funds with their bitcoin Investment. When accessing your emergency funds, it feels very stressful when you start worrying about the current market condition, and that is what happens when folks save their emergency funds in bitcoin.... it is wiser to always save your emergency funds in a simple and  liquid form such that it will easily be accessible the moment when it is needed.

[durg0319]

Many people think that Dca means just buying crypto

You are retarded if you believe that DCA can be used with shitcoins.

DCA works with bitcoin because bitcoin is something that you can invest into 4-10 years or longer. .and yeah, even if you are DCAing into bitcoin, you could still end up screwing it up, so DCA does not guarantee that you won't screw things up.

You are especially likely to screw matters up if you don't know the difference between bitcoin and shitcoins.  Shitcoins you likely have to get in and out of them. They are not investments, since there is no confidence with them.

Don't fuck around with shitcoins, and if you decide to trade some of that crap, then try to not put anymore than 10% of the value of your bitcoin into them, and don't cheat by continuing to put more into them when they lose value.. so careful with how much you put into any shitcoins and/or into trading.

When willl all these guys ever listen and stay away from shit coins..And sure DCA method only works well for assets that has a true long term use and value, and those guys who think otherwise simply are more lost than they even think....Still I wonder why guys will want to waste resources on gambling with so called shitcoins which has no tendency of lasting for the long term and also does not have  a real value whatsoever, when they should be focusing on DCAing into an assets such as Bitcoin which has proven itself over the years. I still think that t those who keeps gambling which shitcoin are simply those newbies that are after nothing other than quick profits and whatnot.

It is basically the strength buying Bitcoin and HODL for Long term investment that is pushing them into making the wrong choice, or should I Said it's lack of patient?

Whatever the Case May be they all need to stop fucking around the crypto market/ or stop having this feeling or hope of getting rich soon through crypto investment as this can literally push them into developing the mindset of traders or maybe run into any of this shitcoin that has been left behind.

It surprises me when I see people making a big deal out of Bitcoin investment that doesn't even require much for one to get started. Just  a discretionary funds for a start and you're good to go, maybe Sooner our later you would start making preparation to set up your emergency funds and backup funds. But first thing first is getting started as setting up emergency funds or backup funds may not take a whole lot of time to set up.

I think what is making people still have their eyes on shitcoins is because they are looking for where they can use a little amount of money and get rich overnight, but they do not know that shitcoins will only make them lose their money. If you set up emergency funds or backup funds without getting started with Bitcoin investment, the emergency funds or backup funds will be absolutely useless because you will not make use of the emergency funds or backup funds. Getting started in Bitcoin investment is the best thing potential Bitcoin investors should do since they can gradually build their emergency funds or backup funds as they are investing in Bitcoin.

Some people chase small coins as they want quick money but in my opinion most of the time people get stressed. I prefer to construct things slowly. I do not spend my savings, then I invest on my own pace bitcoin. That balance allows me to keep calm and actually allows me to stay on track even if the market changes.

[Silikiem]

Many people think that Dca means just buying crypto

You are retarded if you believe that DCA can be used with shitcoins.

DCA works with bitcoin because bitcoin is something that you can invest into 4-10 years or longer. .and yeah, even if you are DCAing into bitcoin, you could still end up screwing it up, so DCA does not guarantee that you won't screw things up.

You are especially likely to screw matters up if you don't know the difference between bitcoin and shitcoins.  Shitcoins you likely have to get in and out of them. They are not investments, since there is no confidence with them.

Don't fuck around with shitcoins, and if you decide to trade some of that crap, then try to not put anymore than 10% of the value of your bitcoin into them, and don't cheat by continuing to put more into them when they lose value.. so careful with how much you put into any shitcoins and/or into trading.

When willl all these guys ever listen and stay away from shit coins..And sure DCA method only works well for assets that has a true long term use and value, and those guys who think otherwise simply are more lost than they even think....Still I wonder why guys will want to waste resources on gambling with so called shitcoins which has no tendency of lasting for the long term and also does not have  a real value whatsoever, when they should be focusing on DCAing into an assets such as Bitcoin which has proven itself over the years. I still think that t those who keeps gambling which shitcoin are simply those newbies that are after nothing other than quick profits and whatnot.

It is basically the strength buying Bitcoin and HODL for Long term investment that is pushing them into making the wrong choice, or should I Said it's lack of patient?

Whatever the Case May be they all need to stop fucking around the crypto market/ or stop having this feeling or hope of getting rich soon through crypto investment as this can literally push them into developing the mindset of traders or maybe run into any of this shitcoin that has been left behind.

It surprises me when I see people making a big deal out of Bitcoin investment that doesn't even require much for one to get started. Just  a discretionary funds for a start and you're good to go, maybe Sooner our later you would start making preparation to set up your emergency funds and backup funds. But first thing first is getting started as setting up emergency funds or backup funds may not take a whole lot of time to set up.

I think what is making people still have their eyes on shitcoins is because they are looking for where they can use a little amount of money and get rich overnight, but they do not know that shitcoins will only make them lose their money. If you set up emergency funds or backup funds without getting started with Bitcoin investment, the emergency funds or backup funds will be absolutely useless because you will not make use of the emergency funds or backup funds. Getting started in Bitcoin investment is the best thing potential Bitcoin investors should do since they can gradually build their emergency funds or backup funds as they are investing in Bitcoin.

Some people chase small coins as they want quick money but in my opinion most of the time people get stressed. I prefer to construct things slowly. I do not spend my savings, then I invest on my own pace bitcoin. That balance allows me to keep calm and actually allows me to stay on track even if the market changes.

I think being able to understand that bitcoin investment is not a get rich quick investment is one way to show that you’re already in the right path, and there’s a feeling that you have the full potential to be successful in the bitcoin investment with such awareness. There’s no short cut to success and so it is in bitcoin investment. Trading for quick money it’s never the solution to achieve the success you need In your bitcoin investment. At the moment you’re already aware it’s not a get rich quick investment, you now know that it’s a long term investment, it will take time and consistency, and you need to give it that time and consistency without panicking to sell whenever there’s a little increase.

[Mr_Brilliant$]

Many people think that Dca means just buying crypto

You are retarded if you believe that DCA can be used with shitcoins.

DCA works with bitcoin because bitcoin is something that you can invest into 4-10 years or longer. .and yeah, even if you are DCAing into bitcoin, you could still end up screwing it up, so DCA does not guarantee that you won't screw things up.

You are especially likely to screw matters up if you don't know the difference between bitcoin and shitcoins.  Shitcoins you likely have to get in and out of them. They are not investments, since there is no confidence with them.

Don't fuck around with shitcoins, and if you decide to trade some of that crap, then try to not put anymore than 10% of the value of your bitcoin into them, and don't cheat by continuing to put more into them when they lose value.. so careful with how much you put into any shitcoins and/or into trading.

I don't even understand why anyone would be investing in shitcoins in the first place, what exactly do they plan to gain from it on the long run, at the end of the day you will see them trying to blame their failures on others when in truth it was their fault for choosing to invest in something that will most likely fail in the short term, this is way bitcoin has always been and will always be better than all those shitcoins and why anyone who wants to invest should invest in bitcoin.

All all of these shitcoins don’t even have a proper future mapped out, and people still go into them hoping for some miracle pump, kaii so annoying..  Then when it crashes, they look for who to blame instead of accepting that they gambled on something weak from the start..

Bitcoin has proven itself over and over again, and that is why it stands tall long term..  Shitcoins come and go, but Bitcoin keeps showing why it is the only real foundation if someone is actually thinking in years, not just chasing quick flips..

[Finebone]

All all of these shitcoins don’t even have a proper future mapped out, and people still go into them hoping for some miracle pump, kaii so annoying..  Then when it crashes, they look for who to blame instead of accepting that they gambled on something weak from the start.

It is no longer news or a thing of surprise that upon how people are being warned not to gamble on shit coin, greed has gotten the better of most individuals to the extent that they just can't do without wasting their money on shit coin,  and till such person get burnt, he will never learn.
The only set of investor that I feel pity for are the new ignorant investors because their lack of knowledge will teach them a bitter lesson for investing ignorantly on shit coin.
Furthermore, once an investor knows perfectly well the characteristics of shit coin and still went ahead with it, that's no longer an investment, but it's nothing but gambling.

[PhilosopherKing]

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(Edit from)
 The entire ecosystem of Shitcoin is designed in such a way that if you invest without understanding, there is a high chance of losing money in a new situation.

Where did you get such an orientation? You cannot invest into something that is not an investment. Shitcoins are not investment.  I don't know why people are still patronizing it. Shitcoins was designed in such a way that majority of people will lose  and very few people will have profit. If you have gambled before then you will know that it isjust like gambling. So even if you have done your research and you have a good understanding, you are still likely to get screwed up if you put your money into it.

[cxtreenal]

Investing to get rich is not a bad thing, no matter what coin it is, but investing requires proper planning, patience, and money. The entire ecosystem of Shitcoin is designed in such a way that if you invest without understanding, there is a high chance of losing money in a new situation. People keep emergency funds to manage their lives in case they lose their jobs, but Bitcoin is long-term. Bitcoin is a long-term investment technology. This means that even if people cannot save money due to inflation, Bitcoin can help them create that savings. Many people also use Bitcoin savings as an emergency backup.

Here we share knowledge about the method of accumulation Bitcoin and long term. You should have understood from this discussion about the risks of shitcoin. But surprisingly you are talking about promoting shitcoin to get rich which is confusing.

Another important thing to note is that due to inflation, fiat value depreciates that means that the product that you could have bought for $5 before may double in value due to inflation. But your income is at the same level as before. That is why there is a high probability of not having any fiat left to save at the end of the week.

How to accumulate Bitcoin if you do not have fiat. You do not need to learn everything about it to do Bitcoin. Gain knowledge initially and if you have a discretionary income flow accumulate Bitcoin and keep a backup fund to continue for the long term.

[ASloveapg]

Investing to get rich is not a bad thing, no matter what coin it is, but investing requires proper planning, patience, and money. The entire ecosystem of Shitcoin is designed in such a way that if you invest without understanding, there is a high chance of losing money in a new situation. People keep emergency funds to manage their lives in case they lose their jobs, but Bitcoin is long-term. Bitcoin is a long-term investment technology. This means that even if people cannot save money due to inflation, Bitcoin can help them create that savings. Many people also use Bitcoin savings as an emergency backup.

How silly of them. Guys really need to stop making the mistake of mixing up their emergency funds with their bitcoin Investment. When accessing your emergency funds, it feels very stressful when you start worrying about the current market condition, and that is what happens when folks save their emergency funds in bitcoin.... it is wiser to always save your emergency funds in a simple and  liquid form such that it will easily be accessible the moment when it is needed.

The main purpose of an emergency fund is to provide quick and stress-free access to money in difficult situations, so it is important to keep it in an easily accessible place. An emergency fund should never be invested in risky or volatile assets. Since it is designed for an emergency, you should make sure that it reaches you without any hassle in an emergency. Because if your fund is interrupted or its amount decreases during an emergency, it will not provide you with enough support, so it is best to be careful about your emergency fund and keep it in such a way that it can fully benefit you on time.

[Bigjoe33]

[

(Edit from)
 The entire ecosystem of Shitcoin is designed in such a way that if you invest without understanding, there is a high chance of losing money in a new situation.

. Shitcoins was designed in such a way that majority of people will lose  and very few people will have profit. If you have gambled before then you will know that it isjust like gambling. So even if you have done your research and you have a good understanding, you are still likely to get screwed up if you put your money into it.

Just say clearly that shitcoins are pure gambling, as it has has a high propensity of losses and/or ability to dump and never rise. They are not stable coins and are full of high risk of losses and this, people should rather go for something more stable and with a track record of growth profit making like bitcoin. Saying that shitcoins is designed in a way that majority of people will lose while very few persons will make profit now makes it sound good and that it is profitable. Sincerely, the short time gains from shitcoins can not be compared to the gains gotten in bitcoin if you buy and Hodl for long. Surely, some do make some gains, but when the game changes, you can loss all you have made in few seconds.

I don't think shitcoins are programmed to favour few and make many loose. It's just gambling, and really have nothing tangible to offer other than panics, pressure and all time on the screen with heartbeat of fear for losing. It's better one gets off gambling zone and comot to investment(bitcoin) which is more stable and note reliable in a long term

[icebar]

Many people think that Dca means just buying crypto

You are retarded if you believe that DCA can be used with shitcoins.

DCA works with bitcoin because bitcoin is something that you can invest into 4-10 years or longer. .and yeah, even if you are DCAing into bitcoin, you could still end up screwing it up, so DCA does not guarantee that you won't screw things up.

You are especially likely to screw matters up if you don't know the difference between bitcoin and shitcoins.  Shitcoins you likely have to get in and out of them. They are not investments, since there is no confidence with them.

Don't fuck around with shitcoins, and if you decide to trade some of that crap, then try to not put anymore than 10% of the value of your bitcoin into them, and don't cheat by continuing to put more into them when they lose value.. so careful with how much you put into any shitcoins and/or into trading.

I don't even understand why anyone would be investing in shitcoins in the first place, what exactly do they plan to gain from it on the long run, at the end of the day you will see them trying to blame their failures on others when in truth it was their fault for choosing to invest in something that will most likely fail in the short term, this is way bitcoin has always been and will always be better than all those shitcoins and why anyone who wants to invest should invest in bitcoin.

All all of these shitcoins don’t even have a proper future mapped out, and people still go into them hoping for some miracle pump, kaii so annoying..  Then when it crashes, they look for who to blame instead of accepting that they gambled on something weak from the start..

Bitcoin has proven itself over and over again, and that is why it stands tall long term..  Shitcoins come and go, but Bitcoin keeps showing why it is the only real foundation if someone is actually thinking in years, not just chasing quick flips..

Usually when an investor loses money by investing in a gambling token, he understands the difference between Bitcoin and Shitcoin. If someone tries to invest in any platform other than Bitcoin for a long time, he will return empty-handed after a long time but if he understands the importance of Bitcoin investment, then he will be able to create his permanent wealth by investing.

After a bullish movement, a bearish movement comes and Shitcoins are lost at that time but those who invest in Bitcoin and hold it for a long time get their investment back even after a few years. I invested in Shitcoin in the beginning of my investment, but I lost wealth from it but since I came to know about Bitcoin, this is my best choice in terms of investment.

[ejikeme24]

All all of these shitcoins don’t even have a proper future mapped out, and people still go into them hoping for some miracle pump, kaii so annoying..  Then when it crashes, they look for who to blame instead of accepting that they gambled on something weak from the start..

Permit me to say that shitcoin investment it's a child's play, because whenever I see people fucking around shitcoin I do remember how kids play with fire because they felt is not harmful not until it harms their skin. So those who are ongoingly fucking around shitcoin would definitely learn their lesson, because advising them to stop fucking around shitcoin is more like depriving them from getting a good thing meanwhile you're trying as much as you could to prevent them from being messed up in the crypto market.

[yixichloro2xx]

Investing to get rich is not a bad thing, no matter what coin it is, but investing requires proper planning, patience, and money. The entire ecosystem of Shitcoin is designed in such a way that if you invest without understanding, there is a high chance of losing money in a new situation. People keep emergency funds to manage their lives in case they lose their jobs, but Bitcoin is long-term. Bitcoin is a long-term investment technology. This means that even if people cannot save money due to inflation, Bitcoin can help them create that savings. Many people also use Bitcoin savings as an emergency backup.

How silly of them. Guys really need to stop making the mistake of mixing up their emergency funds with their bitcoin Investment. When accessing your emergency funds, it feels very stressful when you start worrying about the current market condition, and that is what happens when folks save their emergency funds in bitcoin.... it is wiser to always save your emergency funds in a simple and  liquid form such that it will easily be accessible the moment when it is needed.

The main purpose of an emergency fund is to provide quick and stress-free access to money in difficult situations, so it is important to keep it in an easily accessible place. An emergency fund should never be invested in risky or volatile assets. Since it is designed for an emergency, you should make sure that it reaches you without any hassle in an emergency. Because if your fund is interrupted or its amount decreases during an emergency, it will not provide you with enough support, so it is best to be careful about your emergency fund and keep it in such a way that it can fully benefit you on time.

‎The purpose of emergency funds is to cover unexpected or unwanted expenses used for our daily needs,  so it should be kept aside from any type of invest . Using it to invest of rubbish coins changees the purpose of emergency funds. The main thing is that it should be always ready when life decides to throw some punches to you.

[Futurexxx]

‎The purpose of emergency funds is to cover unexpected or unwanted expenses used for our daily needs,  so it should be kept aside from any type of invest . Using it to invest of rubbish coins changees the purpose of emergency funds. The main thing is that it should be always ready when life decides to throw some punches to you.

I don't think our emergency funds is what we should be using to cover up for unexpected or unwanted expenses of our daily needs, that should be the duty of our reserve funds, our emergency funds is the last layer of protection of our Bitcoin holdings, so you should only be encroaching into it when faced with real life emergencies, not for daily unexpected minor needs.
Though I might be wrong, but that's what I think about our emergency funds.

Additionally, when keeping your emergency funds, it should be divided into three places, two should be kept in two different banks account and one place should be kept in cash for easy access, just in case you bank locks you out.

[Rockson1]

All all of these shitcoins don’t even have a proper future mapped out, and people still go into them hoping for some miracle pump, kaii so annoying..  Then when it crashes, they look for who to blame instead of accepting that they gambled on something weak from the start..

Permit me to say that shitcoin investment it's a child's play, because whenever I see people fucking around shitcoin I do remember how kids play with fire because they felt is not harmful not until it harms their skin. So those who are ongoingly fucking around shitcoin would definitely learn their lesson, because advising them to stop fucking around shitcoin is more like depriving them from getting a good thing meanwhile you're trying as much as you could to prevent them from being messed up in the crypto market.

What I will say here is, some people capitalize on what they heard about shitcoin to just gambling on it without making good research on what it represents although sometimes people that do that shit are very much informed about the killer stuff called shitcoin but greed and quest to make quick money won't let them think straight, influencers on their own are busy doing their shit and people alow themselves to be deceived by those paid attention seekers.

Some persons are very good at blaming others for their decisions even if they know that they were actually their own problem and I see it as human nature, as long as developers knows that there are people that want to pack millions very quick, more shits will be developed and money mongers will continue to fall into their traps.

[Qhunman]

The main purpose of an emergency fund is to provide quick and stress-free access to money in difficult situations, so it is important to keep it in an easily accessible place. An emergency fund should never be invested in risky or volatile assets. Since it is designed for an emergency, you should make sure that it reaches you without any hassle in an emergency. Because if your fund is interrupted or its amount decreases during an emergency, it will not provide you with enough support, so it is best to be careful about your emergency fund and keep it in such a way that it can fully benefit you on time.

You are right, the purpose building up an Emergency fund is to provide Security for our Bitcoin investment against real life emergencies. Emergency fund is meant to be saved in the banks for easy access in case of real life emergency. However, some retarded Investors prefer investing their emergency funds into Bitcoin, to allow it appreciate in value and to protect it against inflation. This doesn't only contradict the main objective of keeping an Emergency fund and its core purposes which is for real life emergencies only but it also put their Bitcoin investments at risks. Due to Bitcoin high violatility, emergency fund invested in Bitcoin may lose value and wouldn't be sufficient enough to provide backup in time of Crisis,investors who finds themselves in such situation will have to sell their Bitcoin portfolio at loss in other to take care of the real life emergencies facing them.

 

[POPOLUV]

‎The purpose of emergency funds is to cover unexpected or unwanted expenses used for our daily needs,  so it should be kept aside from any type of invest . Using it to invest of rubbish coins changees the purpose of emergency funds. The main thing is that it should be always ready when life decides to throw some punches to you.

I don't think our emergency funds is what we should be using to cover up for unexpected or unwanted expenses of our daily needs, that should be the duty of our reserve funds, our emergency funds is the last layer of protection of our Bitcoin holdings, so you should only be encroaching into it when faced with real life emergencies, not for daily unexpected minor needs.
Though I might be wrong, but that's what I think about our emergency funds.

Additionally, when keeping your emergency funds, it should be divided into three places, two should be kept in two different banks account and one place should be kept in cash for easy access, just in case you bank locks you out.

If i should contribute on this, i will love to emphasize that emergency funds and reserve funds both are kept to saver the same purpose for us, so you can prefer to make use of any one that is best to you but based on professionalism the word emergency funds is suitable for every investors to make use of, it is use to cover or solve any circumstance of any unforseen occurrence, so i disagree with you that emergency funds should not be seen as a means of covering unexpected expenses like you said earlier.

[JayJuanGee]

‎The purpose of emergency funds is to cover unexpected or unwanted expenses used for our daily needs,  so it should be kept aside from any type of invest . Using it to invest of rubbish coins changees the purpose of emergency funds. The main thing is that it should be always ready when life decides to throw some punches to you.

I don't think our emergency funds is what we should be using to cover up for unexpected or unwanted expenses of our daily needs, that should be the duty of our reserve funds, our emergency funds is the last layer of protection of our Bitcoin holdings, so you should only be encroaching into it when faced with real life emergencies, not for daily unexpected minor needs.
Though I might be wrong, but that's what I think about our emergency funds.

Additionally, when keeping your emergency funds, it should be divided into three places, two should be kept in two different banks account and one place should be kept in cash for easy access, just in case your bank locks you out.

Surely, a label of emergency fund can be misleading, since there tends to be quite a bit of fungibility in regards to funds that we hold, how we hold them and how we might categorize their purpose(s).. so then it is up to each of us to figure out how many places that we might want to keep various kinds of back up funds and/or how low we might allow them to get before we start to impose urgency upon ourselves and so then if we do not perceive urgency, then we might consider that there's no problem to dip into some kinds of funds for some purpose that we consider to be a sufficiently high priority in order to use such funds for such purposes - and surely there could be cases in which we might consider our various back up funds to be adequate, sufficiently liquid and/or sufficiently holding their value in order to be used for some purpose in which we might not have funds in other locations.. so then there may well be no one to blame, if we experience extra expenses and/or loss of income without sufficient liquid funds to cover such shortfalls in our funds.

The more wealth we accumulate, the easier that it would be for us to absorb whatever extra expenses might come in our direction, yet so many poor people might not assign enough urgency to their maintenance of back up funds, since they will assign urgency to the need for each and every portion of whatever little money they have "to be working" for them, which sometimes will end up getting themselves into a pickle when they do not necessarily realize that they don't have enough resources to cover their own fluctuations in income and/or expenses, so almost any increased expense becomes an emergency that might be considered of their own creation due to their lack of sufficient and/or adequate building and maintenance of back up funds... whether they call them and use them as emergency funds, reserve funds and/or float...

When push comes to shove and the resources of the poor person do not add up to enough to cover them from having to dip into their bitcoin investment, then they end up having to make difficult choices and perhaps even putting themselves in a worse situation due to their not really having any meaningful choice that is not going to end up costing them more than it should have had done based on their own insufficient preparations and perhaps their trying to get more and more money to "work for them" which might not even be a reasonably obtainable objective for the poor person who might be forced to build and maintain more value in cash than what he would prefer to keep in cash - no matter what he calls it or no matter if he is forced to give those funds flexibility or not.

All all of these shitcoins don’t even have a proper future mapped out, and people still go into them hoping for some miracle pump, kaii so annoying..  Then when it crashes, they look for who to blame instead of accepting that they gambled on something weak from the start..

Permit me to say that shitcoin investment it's a child's play, because whenever I see people fucking around shitcoin I do remember how kids play with fire because they felt is not harmful not until it harms their skin. So those who are ongoingly fucking around shitcoin would definitely learn their lesson, because advising them to stop fucking around shitcoin is more like depriving them from getting a good thing meanwhile you're trying as much as you could to prevent them from being messed up in the crypto market.

What I will say here is, some people capitalize on what they heard about shitcoin to just gambling on it without making good research on what it represents although sometimes people that do that shit are very much informed about the killer stuff called shitcoin but greed and quest to make quick money won't let them think straight, influencers on their own are busy doing their shit and people alow themselves to be deceived by those paid attention seekers.

Some persons are very good at blaming others for their decisions even if they know that they were actually their own problem and I see it as human nature, as long as developers knows that there are people that want to pack millions very quick, more shits will be developed and money mongers will continue to fall into their traps.

Many times the talking points of the shitcoiners will make a lot of sense, and even poor people will get sucked into putting some money (which is probably too much money) into such crap, and it ends up being time, money and energy, and so they end up not only having money tied up, but they are wasting their time and energy too... and their focus. .and they might not even realize how they are building bad habits and bad practices and having difficulties setting limitations on themselves in order to really build good and solid practices by staying focused on bitcoin and the strengthening of their cashflow management systems/practices...and dabbling in shitcoins is not likely helping them in any kind of a meaningful way... even if they might feel that they are "learning" something that is arguably useful.

[Cgrexp]

‎The purpose of emergency funds is to cover unexpected or unwanted expenses used for our daily needs,  so it should be kept aside from any type of invest . Using it to invest of rubbish coins changees the purpose of emergency funds. The main thing is that it should be always ready when life decides to throw some punches to you.

I don't think our emergency funds is what we should be using to cover up for unexpected or unwanted expenses of our daily needs, that should be the duty of our reserve funds, our emergency funds is the last layer of protection of our Bitcoin holdings, so you should only be encroaching into it when faced with real life emergencies, not for daily unexpected minor needs.
Though I might be wrong, but that's what I think about our emergency funds.

Additionally, when keeping your emergency funds, it should be divided into three places, two should be kept in two different banks account and one place should be kept in cash for easy access, just in case you bank locks you out.

If i should contribute on this, i will love to emphasize that emergency funds and reserve funds both are kept to saver the same purpose for us, so you can prefer to make use of any one that is best to you but based on professionalism the word emergency funds is suitable for every investors to make use of, it is use to cover or solve any circumstance of any unforseen occurrence, so i disagree with you that emergency funds should not be seen as a means of covering unexpected expenses like you said earlier.

Usually, many people already have some backup funds ready before starting to invest in Bitcoin. It is not very common to start with zero funds or backups. Those who have no backup funds at all should first create a minimum financial security because Bitcoin investment is not reasonable without discretionary income. The investment should have a long-term goal of keeping an emergency fund equal to at least three months and creating a reserve fund in addition. Before starting to invest in Bitcoin, it is essential to have a financial foundation, backup funds and basic knowledge. Real stable progress is possible if you can build a safety fund along with investments.