Emergency Money vs Investment Money

[Amakiriaji01]

Emergency money for what really? Do anybody set some money aside for emergency? Well, is really perthetic if reason it well. We say we keep money for our daily life while making an investment be it short or long term one.
Investment money is very crucial as it is the brings the daily income after a while aside your salary or profit from your business. Investment in Bitcoin and earn money though investing in trusted Bitcoin wallet is important..

[SatoPrincess]

Emergency money for what really? Do anybody set some money aside for emergency? Well, is really perthetic if reason it well. We say we keep money for our daily life while making an investment be it short or long term one.
Investment money is very crucial as it is the brings the daily income after a while aside your salary or profit from your business. Investment in Bitcoin and earn money though investing in trusted Bitcoin wallet is important..

You don’t invest in a bitcoin wallet, you store bitcoins in a wallet. Also never heard of the term “perthetic” before, I will assume you meant “pathetic” which is even worse given the context. How is it pathetic to have savings for a rainy day? It’s foolish to live solely in the present without a thought of tomorrow.

[Berry2d]

Emergency money for what really? Do anybody set some money aside for emergency? Well, is really perthetic if reason it well. We say we keep money for our daily life while making an investment be it short or long term one.
Investment money is very crucial as it is the brings the daily income after a while aside your salary or profit from your business. Investment in Bitcoin and earn money though investing in trusted Bitcoin wallet is important..

Setting aside some money for emergency is not that bad though,  all individual has there unique culture that controls his actions mine may not be acceptable by you and yours not acceptable by me but because it had a role to play in your life i see no reason speaking against it. As foe the issue of emergency money, i know we don't pray to be tempted by challenges but we should bear it in mind that temptation must definitely come, so if one keeps aside emergency money to tackle such situations when it comes i won't criticise him, so i don't think there is anything wrong in keeping aside any money for emergency.

[ruykeri]

Emergency money for what really? Do anybody set some money aside for emergency? Well, is really perthetic if reason it well. We say we keep money for our daily life while making an investment be it short or long term one.
Investment money is very crucial as it is the brings the daily income after a while aside your salary or profit from your business. Investment in Bitcoin and earn money though investing in trusted Bitcoin wallet is important..

Emergency money is not pathetic, it is basic risk management for investors. It is called an emergency fund because emergencies come in people's lives. But when an emergency moment comes in life is unpredictable. And there is no guarantee that Bitcoin will give you a price that suits you on the day of the emergency. So if there is no back up fund, you will be forced to break the investment at the wrong time, and this is the most mistake. The purpose of an emergency fund is not to run your daily life. it is to run with a normal income budget. The purpose of an emergency fund is to handle unexpected shocks.

And not all types of investment money bring daily income. Not even in Bitcoin. Bitcoin is not a salary or a guaranteed cash flow machine, it is a volatile asset. For example, the price of Bitcoin has reached $78k at the moment. A few months ago, its price was above $100k. Therefore, investing in Bitcoin and using it as daily income is completely foolish.

[Cgrexp]

Emergency money for what really? Do anybody set some money aside for emergency? Well, is really perthetic if reason it well. We say we keep money for our daily life while making an investment be it short or long term one.
Investment money is very crucial as it is the brings the daily income after a while aside your salary or profit from your business. Investment in Bitcoin and earn money though investing in trusted Bitcoin wallet is important..

An emergency fund is basically a fund created to be used in expected situations. If you don't have an emergency fund, you may have to pay for unexpected situations from your basic expenses, which will affect your basic expenses. Especially when you are involved in long-term investments, it is important to have an emergency fund so that you are not forced to break your investment in an adverse situation. Everyone who is basically financially conscious sets aside a certain portion of their income for an emergency fund. And I think it is reasonable for everyone to keep some money in an emergency fund.

[Loyang]

Emergency money for what really? Do anybody set some money aside for emergency? Well, is really perthetic if reason it well. We say we keep money for our daily life while making an investment be it short or long term one.
Investment money is very crucial as it is the brings the daily income after a while aside your salary or profit from your business. Investment in Bitcoin and earn money though investing in trusted Bitcoin wallet is important..

You may be confused about investments and emergency money. Emergency money is the amount of money that you need. For example, the amount of money you spend on food every month is emergency money, etc.

Investment is long-term, the investment period is usually kept from 4 to 10 years. We need discretionary income to invest. Discretionary income is the amount of money that is left after deducting all expenses from the money you earn.

The wallet is where your purchased Bitcoin is stored. However, just because you keep Bitcoin in the wallet does not mean that you will profit from your investment. Bitcoin is very volatile and no one controls the Bitcoin market. The rise and fall of Bitcoin depends entirely on demand. So just because you invest Bitcoin and keep it in the wallet does not mean that you will profit. However, if you hold it for a long time, your chances of profiting are much higher.

[icebar]

In investing in Bitcoin, an investor needs to have some knowledge about investment so that he can consider his investment as a successful investment. An investor must know why he needs to form an emergency fund. Generally, there may be some obstacles in investing in Bitcoin, especially those who use the DCA strategy and decide to invest according to their means. There are many who are interested in investing quickly after learning about Bitcoin, but it does not last long because they do not form an emergency fund. If there is no emergency fund, it will not be possible to invest regularly in the long term. And this emergency fund has to be formed by the general investor with a part of his discretionary income. The investor does not need to stop his investment for the emergency fund. He can make his investment regularly and he can form his emergency fund with a part of his discretionary income.

[Agbe]

The context is lengthy but we all get the information you are trying to convey. A lot of people don't really separate their emergency funds fro their investment funds and this is very unwise. if you invest in Bitcoin you should have an amount of money set aside for unforseen circumstances or situations that might come up but some people decide to sell part or all their coins just because they want to solve a problem.

[rachael9385]

Relying on your investment to solve your emergencies is bad idea and it makes you a terrible investor, The money meant for emergencies are not supposed to be invested. The main reason for investing is to grow your capital or make income from it, taking out some part or most of it can actually ruin the plans that you have. Always separate the money for emergencies and for investments.

[Somto9Light]

Emergency money for what really?

For your bitcoin investment of course, you seem to have forgotten that emergency funds is needed while accumulating bitcoin, just so you know it is your emergency funds that will help you leave your bitcoin untouched until you reach your investment goal, if you don't have emergency funds while accumulating bitcoin emergency need may arise and then you may not have any where else to take money to sort yourself out if not your bitcoin investment, that is why as a bitcoin investor it is very essential to have emergency funds.

[Hatchy]

remember that as long as you don't sell Bitcoin, you haven't faced any losses.

Your post is a bit difficult to read, but Ill simply put, don't invest in bitcoin if you don't have a reliable source of income. A good source of income would.be able to be split into at least 3 different categories.  A small portion for your bitcoin investment, a portion for your expenses and cost, then another portion for your savings. These three are the most vital aspects every investors should see and look into if they want to be consistent in their bitcoin journey. The market presents us with unfavorable conditions most of the time and if you are the type that depends on your investment for cost, then you are wasting your time. You would end up plucking and investment that's not ripe enough..

[Creeper0]

remember that as long as you don't sell Bitcoin, you haven't faced any losses.

Your post is a bit difficult to read, but Ill simply put, don't invest in bitcoin if you don't have a reliable source of income. A good source of income would.be able to be split into at least 3 different categories.  A small portion for your bitcoin investment, a portion for your expenses and cost, then another portion for your savings. These three are the most vital aspects every investors should see and look into if they want to be consistent in their bitcoin journey. The market presents us with unfavorable conditions most of the time and if you are the type that depends on your investment for cost, then you are wasting your time. You would end up plucking and investment that's not ripe enough..

The key to profiting from Bitcoin investment is to avoid quick sales and take sufficient steps to survive in Bitcoin for the long term. It is important to take the steps mentioned on your part to survive in the long term and it is also important to gain knowledge about good financial management. There are some steps that can force you to sell your investment on the investment journey. For example, investing more than prudent money, not keeping a backup fund ready, being more aggressive than you can afford, etc. We take these steps mainly to stay free from unwanted sales. But it is true that until we sell, we do not make any profit and loss, the exchange rate determines the profit and loss.