Balancing Financial security and Bitcoin Accumulation

[Rockson1]

I agree with you that it is very wrong to use your Bitcoin as an emergency funds because that is a wrong way to protect your bitcoin investment, what all informed Bitcoin investor should do is to keep his emergency funds in fiat, like in the bank and also in cash, just in case that your bank eventually lock you out when you need the money the most for emergency needs, so by doing it that way, you will be sure to be able to address any emergency situation that arises in the future.

This subject matter of emergency fund has been discussed overtime and some keep misunderstanding it, first of what's emergency funds, they are funds kept aside for emergency purpose which is adviceable that every Bitcoin investor should create one before the start their investment or create it along side with their Bitcoin acumulation those are the two ways we can create emergency funds and we must make sure that we choose the one that won't be of a problem for us when creating the emergency funds, our bitcon portfolio is our investment, it is never meant for any emergency rather emergency funds serve that purpose, of course emergency funds should be in fiat for easy access whenever emergency calls, let me say this again, our Bitcoin hodling is our asset and I have never Heard that asset should be used for emergency, if that happens it means the reason for the investment is been brought to nothing, so what is the essence of the investment then, we just have to be smart investors.

[Proty]

I agree with you that it is very wrong to use your Bitcoin as an emergency funds because that is a wrong way to protect your bitcoin investment, what all informed Bitcoin investor should do is to keep his emergency funds in fiat, like in the bank and also in cash, just in case that your bank eventually lock you out when you need the money the most for emergency needs, so by doing it that way, you will be sure to be able to address any emergency situation that arises in the future.

This subject matter of emergency fund has been discussed overtime and some keep misunderstanding it, first of what's emergency funds, they are funds kept aside for emergency purpose which is adviceable that every Bitcoin investor should create one before the start their investment or create it along side with their Bitcoin acumulation those are the two ways we can create emergency funds and we must make sure that we choose the one that won't be of a problem for us when creating the emergency funds, our bitcon portfolio is our investment, it is never meant for any emergency rather emergency funds serve that purpose, of course emergency funds should be in fiat for easy access whenever emergency calls, let me say this again, our Bitcoin hodling is our asset and I have never Heard that asset should be used for emergency, if that happens it means the reason for the investment is been brought to nothing, so what is the essence of the investment then, we just have to be smart investors.

I don't think emergency funds shouldn't be the reason why anyone won't want to invest in bitcoin provided that they have discretionionary income that is available for them to start investing with. For those that doesn't have emergency funds but have discretionionary income they can start accumulating bitcoin using there discretionionary income and then at the same time while setting up an emergency funds along side there bitcoin investment.
Emergency funds is supposed to act as a safety net incase of an emergency and not our bitcoin investment. Therefore it is a bad idea for anyone that calls themselves an investor to used there bitcoin investment as a safety net during emergency.

[liasbaa]

I agree with you that it is very wrong to use your Bitcoin as an emergency funds because that is a wrong way to protect your bitcoin investment, what all informed Bitcoin investor should do is to keep his emergency funds in fiat, like in the bank and also in cash, just in case that your bank eventually lock you out when you need the money the most for emergency needs, so by doing it that way, you will be sure to be able to address any emergency situation that arises in the future.

This subject matter of emergency fund has been discussed overtime and some keep misunderstanding it, first of what's emergency funds, they are funds kept aside for emergency purpose which is adviceable that every Bitcoin investor should create one before the start their investment or create it along side with their Bitcoin acumulation those are the two ways we can create emergency funds and we must make sure that we choose the one that won't be of a problem for us when creating the emergency funds, our bitcon portfolio is our investment, it is never meant for any emergency rather emergency funds serve that purpose, of course emergency funds should be in fiat for easy access whenever emergency calls, let me say this again, our Bitcoin hodling is our asset and I have never Heard that asset should be used for emergency, if that happens it means the reason for the investment is been brought to nothing, so what is the essence of the investment then, we just have to be smart investors.

I don't think that the emergency fund only should remain in fiat. I can keep it in any form. The main thing is that I don't have to face any obstacles in maintaining my Bitcoin holdings for any emergency and continuing to accumulate Bitcoin even during personal needs. You need to keep an emergency fund available to accumulate Bitcoin for the long term and not to create the risk of withdrawing this holding. It may be that the need for this emergency fund does not arise during your entire investment period but it would be foolish not to prepare yourself for that expectation. You should always be ready to continue accumulation Bitcoin and that regardless of the price.

An important lesson in fund management is to try to keep cash flow at a regular level as well as to keep a cash reserve fund available and keep this fund in fiat form. It is better to keep the emergency fund in fiat form but since small emergencies can be solved through cash reserve funds in that case even if you keep an emergency fund in any other form it will not take you long to convert it to fiat form. When the target is to accumulate Bitcoin for the long term and get a decent Bitcoin portfolio.

[POPOLUV]

. However, I believe it is appropriate to withdraw part of it in many unfavourable situations, including an accident, illness, or treatment.

What is the essence of having an emergency and reserve funds if it can't addresses situations like that, that may likely threatens your Bitcoin investment?
Emergencies like accident, illness or anything not planned for are to be addressed by your emergency funds, so that you wouldn't have to temper with your bitcoin investment, so selling or tempering with your investment so as to address those things shows that you didn't planned for emergencies like that while investing, which is absolutely a wrong investment approach.

Some folks are yet to understand the reason why we all as an investors should reserve funds after you might have used your discretionary income to invest with, there are things as an investor you don't have to wait to be told before making use of your initiative to work with, it is certain as an investors to always know the level at which you should go with your buying of Bitcoin aggressively because after the payment of bills and income that is left or remaining will automatically become your discretionary income and from your discretionary income you will be able to separate the one you will call your reserve funds and use the rest of it to invest in Bitcoin. And this reserve funds is still refer as an  emergency fund, so for every of your discretionary income which you use it to buy Bitcoin and you are able to be reserving your funds for incase of any emergency that comes at anytime, i believe the reserve funds can be able to take care of any unforseen circumstances.

[I_Anime]

. However, I believe it is appropriate to withdraw part of it in many unfavourable situations, including an accident, illness, or treatment.

What is the essence of having an emergency and reserve funds if it can't addresses situations like that, that may likely threatens your Bitcoin investment?
Emergencies like accident, illness or anything not planned for are to be addressed by your emergency funds, so that you wouldn't have to temper with your bitcoin investment, so selling or tempering with your investment so as to address those things shows that you didn't planned for emergencies like that while investing, which is absolutely a wrong investment approach.

Some folks are yet to understand the reason why we all as an investors should reserve funds after you might have used your discretionary income to invest with, there are things as an investor you don't have to wait to be told before making use of your initiative to work with, it is certain as an investors to always know the level at which you should go with your buying of Bitcoin aggressively because after the payment of bills and income that is left or remaining will automatically become your discretionary income and from your discretionary income you will be able to separate the one you will call your reserve funds and use the rest of it to invest in Bitcoin. And this reserve funds is still refer as an  emergency fund, so for every of your discretionary income which you use it to buy Bitcoin and you are able to be reserving your funds for incase of any emergency that comes at anytime, i believe the reserve funds can be able to take care of any unforseen circumstances.

This is a simple logic. You have other things going on in your lives that will require money for you to handle (like your essential expenses ).  So is like this ,

You earn certain amount - your main earning
 
Some percentage of your earning - for handling expenses

Amount Remaining after handling your expenses - discretionary income (then this is where money for investment, emergency funds, backup funds comes in) using percentages.

So as an investor you must know how to allocate your earnings properly , so that you will be able to keep to budget as you Invest and stuff .

[Sulegzy39]

I don't believe that the emergency fund should solely be in fiat. I may keep it in any format. The essential issue is that I don't have to worry about keeping my Bitcoin holdings in case of an emergency or continuing to accumulate Bitcoin even when I have personal requirements. You should keep an emergency fund on hand to acquire Bitcoin over time and avoid the possibility of having to withdraw it. It's possible that you won't need this emergency fund throughout the duration of your investment, but it would be irresponsible not to plan for it. You should always be prepared to continue accumulating Bitcoin, regardless of the price.

[Joeboy]

I don't think that the emergency fund only should remain in fiat. I can keep it in any form. The main thing is that I don't have to face any obstacles in maintaining my Bitcoin holdings for any emergency and continuing to accumulate Bitcoin even during personal needs. You need to keep an emergency fund available to accumulate Bitcoin for the long term and not to create the risk of withdrawing this holding. It may be that the need for this emergency fund does not arise during your entire investment period but it would be foolish not to prepare yourself for that expectation. You should always be ready to continue accumulation Bitcoin and that regardless of the price.

An important lesson in fund management is to try to keep cash flow at a regular level as well as to keep a cash reserve fund available and keep this fund in fiat form. It is better to keep the emergency fund in fiat form but since small emergencies can be solved through cash reserve funds in that case even if you keep an emergency fund in any other form it will not take you long to convert it to fiat form. When the target is to accumulate Bitcoin for the long term and get a decent Bitcoin portfolio.

liasbaa don't make thing stressful for yourself... Immediate accessibility and stability are the two important factors to consider when building an emergency fund... And the reason for that is coz emergency situations mostly come unexpectedly and when it does, you don't want to be conered in a position whereby you would start brainstorming about conversion time, price fluntuation, or any available online p2p vendor before you can have access to that your Emergency funds... And this is exactly why keeping your emergency funds in a stable and accessible form make more sense so that you would be able to reach it almost instantly probably at the same value you left it, just in cases of emergency ....

[ZeroVinsonN]

I don't think that the emergency fund only should remain in fiat. I can keep it in any form. The main thing is that I don't have to face any obstacles in maintaining my Bitcoin holdings for any emergency and continuing to accumulate Bitcoin even during personal needs. You need to keep an emergency fund available to accumulate Bitcoin for the long term and not to create the risk of withdrawing this holding. It may be that the need for this emergency fund does not arise during your entire investment period but it would be foolish not to prepare yourself for that expectation. You should always be ready to continue accumulation Bitcoin and that regardless of the price.

An important lesson in fund management is to try to keep cash flow at a regular level as well as to keep a cash reserve fund available and keep this fund in fiat form. It is better to keep the emergency fund in fiat form but since small emergencies can be solved through cash reserve funds in that case even if you keep an emergency fund in any other form it will not take you long to convert it to fiat form. When the target is to accumulate Bitcoin for the long term and get a decent Bitcoin portfolio.

liasbaa don't make thing stressful for yourself... Immediate accessibility and stability are the two important factors to consider when building an emergency fund... And the reason for that is coz emergency situations mostly come unexpectedly and when it does, you don't want to be conered in a position whereby you would start brainstorming about conversion time, price fluntuation, or any available online p2p vendor before you can have access to that your Emergency funds... And this is exactly why keeping your emergency funds in a stable and accessible form make more sense so that you would be able to reach it almost instantly probably at the same value you left it, just in cases of emergency ....

What's the point in having an emergency fund if you can't even access it in the case of an emergency, locking it up in a difficult to access location defeats the entire purpose of keeping it in the first place, accumulate bitcoin and save up your emergency fund in such a way that it can easily be accessed in the case of an emergency, this way you can at least be sure that you emergency fund can serve it's purpose when it comes up.

[Xackie]

I agree with you that it is very wrong to use your Bitcoin as an emergency funds because that is a wrong way to protect your bitcoin investment, what all informed Bitcoin investor should do is to keep his emergency funds in fiat, like in the bank and also in cash, just in case that your bank eventually lock you out when you need the money the most for emergency needs, so by doing it that way, you will be sure to be able to address any emergency situation that arises in the future.

This subject matter of emergency fund has been discussed overtime and some keep misunderstanding it, first of what's emergency funds, they are funds kept aside for emergency purpose which is adviceable that every Bitcoin investor should create one before the start their investment or create it along side with their Bitcoin acumulation those are the two ways we can create emergency funds and we must make sure that we choose the one that won't be of a problem for us when creating the emergency funds, our bitcon portfolio is our investment, it is never meant for any emergency rather emergency funds serve that purpose, of course emergency funds should be in fiat for easy access whenever emergency calls, let me say this again, our Bitcoin hodling is our asset and I have never Heard that asset should be used for emergency, if that happens it means the reason for the investment is been brought to nothing, so what is the essence of the investment then, we just have to be smart investors.

I don't think that the emergency fund only should remain in fiat. I can keep it in any form. The main thing is that I don't have to face any obstacles in maintaining my Bitcoin holdings for any emergency and continuing to accumulate Bitcoin even during personal needs. You need to keep an emergency fund available to accumulate Bitcoin for the long term and not to create the risk of withdrawing this holding. It may be that the need for this emergency fund does not arise during your entire investment period but it would be foolish not to prepare yourself for that expectation. You should always be ready to continue accumulation Bitcoin and that regardless of the price.

An important lesson in fund management is to try to keep cash flow at a regular level as well as to keep a cash reserve fund available and keep this fund in fiat form. It is better to keep the emergency fund in fiat form but since small emergencies can be solved through cash reserve funds in that case even if you keep an emergency fund in any other form it will not take you long to convert it to fiat form. When the target is to accumulate Bitcoin for the long term and get a decent Bitcoin portfolio.

Emergency funds are meant to be saved in fiat currency. Because you can get quick accessibility from your money Incase something comes up. Saving it in another place like into Bitcoin is wrong, you have just rewritten the purpose of Emergency funds to Investing funds. Emergency funds are meant to be at palm of hands e.g Bank account. Imagine you have saved the total of $300 as your emergency funds into bitcoin when it's price was still at 90k+ and now it dips to 60k. That means your money has reduced by 33% ($200) , so what if an emergency comes up where you need the total amount of $300, what are you going to do then? and I know that this make you to withdraw an extra $100 from your main Bitcoin investments just to complete the money.

[icebar]

I agree with you that it is very wrong to use your Bitcoin as an emergency funds because that is a wrong way to protect your bitcoin investment, what all informed Bitcoin investor should do is to keep his emergency funds in fiat, like in the bank and also in cash, just in case that your bank eventually lock you out when you need the money the most for emergency needs, so by doing it that way, you will be sure to be able to address any emergency situation that arises in the future.

This subject matter of emergency fund has been discussed overtime and some keep misunderstanding it, first of what's emergency funds, they are funds kept aside for emergency purpose which is adviceable that every Bitcoin investor should create one before the start their investment or create it along side with their Bitcoin acumulation those are the two ways we can create emergency funds and we must make sure that we choose the one that won't be of a problem for us when creating the emergency funds, our bitcon portfolio is our investment, it is never meant for any emergency rather emergency funds serve that purpose, of course emergency funds should be in fiat for easy access whenever emergency calls, let me say this again, our Bitcoin hodling is our asset and I have never Heard that asset should be used for emergency, if that happens it means the reason for the investment is been brought to nothing, so what is the essence of the investment then, we just have to be smart investors.

Basically, an emergency fund is a fund where we save money for emergencies. So that in case of an unexpected situation, we do not have to deal with the situation from the money we need. Especially when someone plans to invest in assets like Bitcoin for the long term, it is very important to have an emergency fund ready. And investors do not let this fund decrease except in an emergency. And it is important for every investor to manage their finances in that way cause when the emergency fund runs out, there should be a way to replenish it quickly. Because if there is an additional expense or cash flow shortage after the emergency fund runs out, the identity can be critical due to not replenishing the fund. As a result, many times, forced investments can be sold. It is usually said to keep emergency fund money because it is easy to use quickly when needed and at the same time there is no loss due to market fluctuations. Therefore, you should invest your basic essential expenses, emergency fund and investment money separately so that the plan is stable in each case. At the same time, there is no disruption to the long-term investment goal.

[Barikui1]

I don't think that the emergency fund only should remain in fiat. I can keep it in any form. The main thing is that I don't have to face any obstacles in maintaining my Bitcoin holdings for any emergency and continuing to accumulate Bitcoin even during personal needs. You need to keep an emergency fund available to accumulate Bitcoin for the long term and not to create the risk of withdrawing this holding. It may be that the need for this emergency fund does not arise during your entire investment period but it would be foolish not to prepare yourself for that expectation. You should always be ready to continue accumulation Bitcoin and that regardless of the price.

An important lesson in fund management is to try to keep cash flow at a regular level as well as to keep a cash reserve fund available and keep this fund in fiat form. It is better to keep the emergency fund in fiat form but since small emergencies can be solved through cash reserve funds in that case even if you keep an emergency fund in any other form it will not take you long to convert it to fiat form. When the target is to accumulate Bitcoin for the long term and get a decent Bitcoin portfolio.

Emergency funds are meant to be saved in fiat currency. Because you can get quick accessibility from your money Incase something comes up. Saving it in another place like into Bitcoin is wrong, you have just rewritten the purpose of Emergency funds to Investing funds. Emergency funds are meant to be at palm of hands e.g Bank account. Imagine you have saved the total of $300 as your emergency funds into bitcoin when it's price was still at 90k+ and now it dips to 60k. That means your money has reduced by 33% ($200) , so what if an emergency comes up where you need the total amount of $300, what are you going to do then? and I know that this make you to withdraw an extra $100 from your main Bitcoin investments just to complete the money.

Your explanation and the example in your write up is the perfect reason why it's wrong to be saving your emergency funds in Bitcoin, because volatility may have reduced the value when you needs it the most, so it's not right to store your emergency funds in Bitcoin.
In addition to what you have already said, I think that your emergency funds should also be kept in cash, even though some might be stored in the bank because you don't want to be in a situation whereby your bank will lock you out when you need the money the most, so it's very important to have your emergency funds also store in cash to be at the safer side.

[yixichloro2xx]

. However, I believe it is appropriate to withdraw part of it in many unfavourable situations, including an accident, illness, or treatment.

What is the essence of having an emergency and reserve funds if it can't addresses situations like that, that may likely threatens your Bitcoin investment?
Emergencies like accident, illness or anything not planned for are to be addressed by your emergency funds, so that you wouldn't have to temper with your bitcoin investment, so selling or tempering with your investment so as to address those things shows that you didn't planned for emergencies like that while investing, which is absolutely a wrong investment approach.

Some folks are yet to understand the reason why we all as an investors should reserve funds after you might have used your discretionary income to invest with, there are things as an investor you don't have to wait to be told before making use of your initiative to work with, it is certain as an investors to always know the level at which you should go with your buying of Bitcoin aggressively because after the payment of bills and income that is left or remaining will automatically become your discretionary income and from your discretionary income you will be able to separate the one you will call your reserve funds and use the rest of it to invest in Bitcoin. And this reserve funds is still refer as an  emergency fund, so for every of your discretionary income which you use it to buy Bitcoin and you are able to be reserving your funds for incase of any emergency that comes at anytime, i believe the reserve funds can be able to take care of any unforseen circumstances.

‎I agree with you, every investor should know that emergency funds isn't something that is optional to do, it's very compulsory if you truly want to benefit from your investments. We know how volatile Bitcoin, without emergency funds you will be forced to sell at loss or at the wrong time. I remember talking about some investors having a wimpy emergency funds in a thread I can't really remember.  Some investors often think that nothing can happen to them, so they will save very little amount of their income as their emergency funds, so when an unexpected situation comes up, they will be touching their Bitcoin investments little because they have a very weak emergency savings.  Which jeopardizes our long term plan. My best advice is when you receive your income, sort out your bills first, the remaining money split it into two places where one goes into Bitcoin investments and the other as savings for Emergencies, unexpected expenses savings and so much more.

[The Founding Titan]

I don't believe that the emergency fund should solely be in fiat. I may keep it in any format. The essential issue is that I don't have to worry about keeping my Bitcoin holdings in case of an emergency or continuing to accumulate Bitcoin even when I have personal requirements. You should keep an emergency fund on hand to acquire Bitcoin over time and avoid the possibility of having to withdraw it. It's possible that you won't need this emergency fund throughout the duration of your investment, but it would be irresponsible not to plan for it. You should always be prepared to continue accumulating Bitcoin, regardless of the price.

How can your emergency fund be on hand if it's not in fiat?
One of the best things sn investor can do for themselves is to always make sure they can actually access their emergency fund in the case of an actual emergency and that they can access it fast enough, it needs to be in a place where you can get it out faster than you can sell your bitcoin if you are keeping your emergency fund in bitcoin then what's the point, it's basically your investment at that point so ultimately in order to make sure you don't sell your bitcoin you end up selling your bitcoin, there is no point in keeping your emergency fund in bitcoin if you are planning on using it to safeguard your bitcoin stash.

[Hardyrobust]

I don't think that the emergency fund only should remain in fiat. I can keep it in any form. The main thing is that I don't have to face any obstacles in maintaining my Bitcoin holdings for any emergency and continuing to accumulate Bitcoin even during personal needs. You need to keep an emergency fund available to accumulate Bitcoin for the long term and not to create the risk of withdrawing this holding. It may be that the need for this emergency fund does not arise during your entire investment period but it would be foolish not to prepare yourself for that expectation. You should always be ready to continue accumulation Bitcoin and that regardless of the price.

An important lesson in fund management is to try to keep cash flow at a regular level as well as to keep a cash reserve fund available and keep this fund in fiat form. It is better to keep the emergency fund in fiat form but since small emergencies can be solved through cash reserve funds in that case even if you keep an emergency fund in any other form it will not take you long to convert it to fiat form. When the target is to accumulate Bitcoin for the long term and get a decent Bitcoin portfolio.

liasbaa don't make thing stressful for yourself... Immediate accessibility and stability are the two important factors to consider when building an emergency fund... And the reason for that is coz emergency situations mostly come unexpectedly and when it does, you don't want to be conered in a position whereby you would start brainstorming about conversion time, price fluntuation, or any available online p2p vendor before you can have access to that your Emergency funds... And this is exactly why keeping your emergency funds in a stable and accessible form make more sense so that you would be able to reach it almost instantly probably at the same value you left it, just in cases of emergency ....

What's the point in having an emergency fund if you can't even access it in the case of an emergency, locking it up in a difficult to access location defeats the entire purpose of keeping it in the first place, accumulate bitcoin and save up your emergency fund in such a way that it can easily be accessed in the case of an emergency, this way you can at least be sure that you emergency fund can serve it's purpose when it comes up.

Emergency funds is not something that is not supposed to be accessible. It should be in a form that it can easily be accessed whenever there is an emergency. So you right, when it is been stored in a place where it won't be easy to access it , the purpose which it is meant for can't be fulfill. An emergency doesn't tell anyone when it will occur or happen so there is need for an emergency funds to be accessible in case if an emergency occurs.

[JayJuanGee]

I don't think that the emergency fund only should remain in fiat. I can keep it in any form. The main thing is that I don't have to face any obstacles in maintaining my Bitcoin holdings for any emergency and continuing to accumulate Bitcoin even during personal needs. You need to keep an emergency fund available to accumulate Bitcoin for the long term and not to create the risk of withdrawing this holding. It may be that the need for this emergency fund does not arise during your entire investment period but it would be foolish not to prepare yourself for that expectation. You should always be ready to continue accumulation Bitcoin and that regardless of the price.

An important lesson in fund management is to try to keep cash flow at a regular level as well as to keep a cash reserve fund available and keep this fund in fiat form. It is better to keep the emergency fund in fiat form but since small emergencies can be solved through cash reserve funds in that case even if you keep an emergency fund in any other form it will not take you long to convert it to fiat form. When the target is to accumulate Bitcoin for the long term and get a decent Bitcoin portfolio.

Emergency funds are meant to be saved in fiat currency. Because you can get quick accessibility from your money Incase something comes up. Saving it in another place like into Bitcoin is wrong, you have just rewritten the purpose of Emergency funds to Investing funds. Emergency funds are meant to be at palm of hands e.g Bank account. Imagine you have saved the total of $300 as your emergency funds into bitcoin when it's price was still at 90k+ and now it dips to 60k. That means your money has reduced by 33% ($200) , so what if an emergency comes up where you need the total amount of $300, what are you going to do then? and I know that this make you to withdraw an extra $100 from your main Bitcoin investments just to complete the money.

Your explanation and the example in your write up is the perfect reason why it's wrong to be saving your emergency funds in Bitcoin, because volatility may have reduced the value when you needs it the most, so it's not right to store your emergency funds in Bitcoin.
In addition to what you have already said, I think that your emergency funds should also be kept in cash, even though some might be stored in the bank because you don't want to be in a situation whereby your bank will lock you out when you need the money the most, so it's very important to have your emergency funds also store in cash to be at the safer side.

The main thing with first level back up funds, they need to be liquid and non-volatile. 

Liquid means that they are fairly readily available within timelines that you would need to access them, whether it is within hours or days or maybe in some cases you might be able to access in a few days or even weeks.  There may well also be shortages in income and/or increase in expenses, that might allow you to make payments weeks out into the future, so you might not need your full amounts to be available right away.

In regards to non-volatile, they should largely mirror what your bills tend to be paid in, whether it is your local currency, dollars or something that might be acceptable and largely pegs the accounting of the bills.

Of course, any of us can take chances in terms of liquidity and/or volatility, yet it would seem that a certain portion that might be required immediately would not be risked in terms of either of those characteristics of liquidity or volatility.  It could be possible that we keep some in cash, some in the bank, some in some interest bearing instruments that can be easily/quickly cashed out and even in less liquid/less volatile forms with the understanding that the primary funds are very liquid and very non-volatile.  The greater our wealth, we might not mind, taking the hit if some shortage of income and/or increase in expense situation comes about... yet when we are in our building stage, and perhaps more likely in our first 4 years of investing (especially if we are poor), then it is likely way more important that we are quite consciously keeping back up funds a

 and so guys might consider themselves as overly smart to "have their money working for them," and it all works out fine and dandy until the money might be needed and it needs to be available.. which in the context of advocating bitcoin investing and wanting to build wealth through bitcoin investing, part of the idea of back up funds should be to protect our bitcoin so that we are not put into a situation that we are selling some or all of our bitcoin at a time that is not of our own choosing.. and surely if we fuck up by not creating and/or maintaining sufficient back up funds, we then may well end up where we have no other option but to cash out some or all of our bitcoin, which hardly could be proclaimed to have had been a time of our own choosing when we have absolutely no other option or no other way to settle our financial matter. 

In my years in bitcoin, I have seen quite a few examples of guys selling way too much of their bitcoin too soon due to their poor cashflow management, and also surely they might be considering themselves as geniuses when the BTC price is moving in their favor - yet many times, it is not worth it to take such chances, since even if you are able to profit 9 out of 10 times that you fuck around with such sloppy practices, it is hardly worth it if sometime down the road you end up wiping out most if not all of your bitcoin holdings, and it ends up being 1 or 2 cycles of bitcoin building that you cannot go back in time and you have to either start over or maybe come close to starting over, so instead of being 45 years old and having some time, you are 55 years old and you are starting over because you were ongoingly employing weak practices (that were like gambling) and taking too many chances with your bitcoin holdings... and for sure we know guys like that.. and they may well be getting into years that they can no longer earn a lot of money.. and they hardly have any investment built up because through their whole life they were taking unnecessary chances and their ongoingly taking extra chances came around and bite them in the ass at a time that they cannot make up for the losses.

[Cossyblack]

liasbaa don't make thing stressful for yourself... Immediate accessibility and stability are the two important factors to consider when building an emergency fund... And the reason for that is coz emergency situations mostly come unexpectedly and when it does, you don't want to be conered in a position whereby you would start brainstorming about conversion time, price fluntuation, or any available online p2p vendor before you can have access to that your Emergency funds... And this is exactly why keeping your emergency funds in a stable and accessible form make more sense so that you would be able to reach it almost instantly probably at the same value you left it, just in cases of emergency ....

Your explanation is informative and I agree to it. Emergency happens unexpectedly and if his emergency fund isn't where it can be accessible, he may end up tampering with this bitcoin portfolio. Bitcoin is volatile, save an emergency fund in bitcoin is risky because if it dips during an emergency, the value of his emergency fund would reduce and it be his loss if he sells it. Of course he is going to sell it because he desperately needs the money to take care of the emergency at hand. Therefore, the best idea to save an emergency fund is in Fiat and it should be kept in a handy place to avoid having tamper your bitcoin portfolio during emergencies.

[Umulala-alala]

I don't believe that the emergency fund should solely be in fiat. I may keep it in any format. The essential issue is that I don't have to worry about keeping my Bitcoin holdings in case of an emergency or continuing to accumulate Bitcoin even when I have personal requirements. You should keep an emergency fund on hand to acquire Bitcoin over time and avoid the possibility of having to withdraw it. It's possible that you won't need this emergency fund throughout the duration of your investment, but it would be irresponsible not to plan for it. You should always be prepared to continue accumulating Bitcoin, regardless of the price.

Emergency fund need to be in fiat so that it can be access easily without any delay, emergency fund isn't for buying bitcoin for it's use to handle emergency situations when it occur that's why it should be in fiat what an investor needed to start buying bitcoin is our discretionary income which is the amount left after tity all necessary need, thr reason why an investor needs any emergency fund is that nobody know what will happen next.

[I_Anime]

I don't believe that the emergency fund should solely be in fiat. I may keep it in any format. The essential issue is that I don't have to worry about keeping my Bitcoin holdings in case of an emergency or continuing to accumulate Bitcoin even when I have personal requirements. You should keep an emergency fund on hand to acquire Bitcoin over time and avoid the possibility of having to withdraw it. It's possible that you won't need this emergency fund throughout the duration of your investment, but it would be irresponsible not to plan for it. You should always be prepared to continue accumulating Bitcoin, regardless of the price.

Emergency fund need to be in fiat so that it can be access easily without any delay, emergency fund isn't for buying bitcoin for it's use to handle emergency situations when it occur that's why it should be in fiat what an investor needed to start buying bitcoin is our discretionary income which is the amount left after tity all necessary need, thr reason why an investor needs any emergency fund is that nobody know what will happen next.

You can also keep your emergency funds in a stable coin like usdt, but one can be easily tempted to use it to accumulate especially when there’s a dip in the market so is better to just hold in fiat like you said . As an investor you must have a certain principles you are following for smooth investment because investing is not as easy as many sees to be you have to be careful with any decision you make because it will surely affect you in a long run so if you are using from your emergency funds to accumulate there are chances of your holding taken the role of an emergency funds.

[Sticky Bomb]

You can also keep your emergency funds in a stable coin like usdt, but one can be easily tempted to use it to accumulate especially when there’s a dip in the market so is better to just hold in fiat like you said .

The best way to hold emergency fund is either in cash, stable coins or any less volatile asset that you can liquidate easily when emergency comes by. Our local currency depreciates fast and I'll not advise anyone to hold all their emergency fund in Naira. Another reason it's not entirely a good idea to hold emergency fund in fiat medium is accessibility, what if you need funds in one of the days the bank is having a network issues and funds are unaccessible? Then you'll be trapped. It's good to split it in two or more channels so that if one isn't accessible, you can use the part in the other channel to start solving your problem pending the time you can access other funds if the funds stored in one channel isn't enough to properly respond to the emergency

[cxtreenal]

I don't believe that the emergency fund should solely be in fiat. I may keep it in any format. The essential issue is that I don't have to worry about keeping my Bitcoin holdings in case of an emergency or continuing to accumulate Bitcoin even when I have personal requirements. You should keep an emergency fund on hand to acquire Bitcoin over time and avoid the possibility of having to withdraw it. It's possible that you won't need this emergency fund throughout the duration of your investment, but it would be irresponsible not to plan for it. You should always be prepared to continue accumulating Bitcoin, regardless of the price.

Emergency fund need to be in fiat so that it can be access easily without any delay, emergency fund isn't for buying bitcoin for it's use to handle emergency situations when it occur that's why it should be in fiat what an investor needed to start buying bitcoin is our discretionary income which is the amount left after tity all necessary need, thr reason why an investor needs any emergency fund is that nobody know what will happen next.

You can also keep your emergency funds in a stable coin like usdt, but one can be easily tempted to use it to accumulate especially when there’s a dip in the market so is better to just hold in fiat like you said . As an investor you must have a certain principles you are following for smooth investment because investing is not as easy as many sees to be you have to be careful with any decision you make because it will surely affect you in a long run so if you are using from your emergency funds to accumulate there are chances of your holding taken the role of an emergency funds.

We need to consider when keeping an emergency fund and the name is "emergency fund" that means we will need this fund at any time. For example, during a war or a natural disaster or any other catastrophic situation. Cash funds may be needed for that time. In war situations like Iran where internet service is down for a long time. Apart from situations like losing a job, we need to give importance to Bitcoin security during many types of emergencies. Emergency fund is not only necessary for securing Bitcoin holdings, this fund is also necessary for normal life.

You have suggested keeping it in USDT or stable coins, which is a good argument but in an emergency where internet service may be disrupted where you live, the alternative options may be very limited for you. For someone in a war situation like Iran, there is no alternative to cash funds. I think emergency funds should always be kept in fiat currency.