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Prepare the Emergency Funds:
I was not aware of it firstly while exploring the forum, in the Buy&Hold with a discussion between seniors and JJG, still need to be more familiar with this strategy but what I've learned is this amount should be in the stable currency from which medium you can utilize it in any sort of unexpected market momentum. I'd like to ask here what seniors think about this.
This is extremely important as I can relate before. Always have extra funds, emergency funds. Because in the Bitcoin market, always expect the unexpected. I experienced this before when COVID-19 started, we saw a huge dump there, and everyone must remember it.
With I have no emergency funds, I nearly loaned money to someone just to buy cheap Bitcoins but it changed my mind, I know it's wrong to loan just to buy Bitcoin or any asset that is not guaranteed.