Quote from: Mate2237 on Today at 10:06:13 PM

Quote from: JayJuanGee on Today at 05:23:33 PM

Quote from: Su-asa on Today at 07:33:21 AM

Quote from: JayJuanGee on Today at 01:04:43 AM

If one can save bigger amount for emergencies in 9 months, he should just concentrate on the investment for some times until the emergency funds is low then he can continue saving for emergencies, like after removing the monthly expenses from the monthly salaries hes receiving then he should just put the rest of them into Bitcoin.

You seem to be struggling with the idea of an emergency fund.

Lolz, he thought emergency fund is something one can save and be using it in the future.

That could be. Although I am the one that said that if your emergency fund is BIG enough, then you can float it. He seemed to be erroring in the other direction of not needing to have an emergency fund.

Furthermore, in another post, he seemed to have had been describing emergency funds as something that you spend every month, so if you have a $300 budget, then you have $100 in expenses $50 in personal, $50 to buy bitcoin and the other $100 for an emergency fund.. meaning just extra things that you had not thought about.. .. so I am having trouble thinking that he has his emergency fund situation figured out... but if you are living with mom and dad, then maybe you don't really have to worry if they are going to bail you out, then you don't really need an emergency fund.

Quote from: Mate2237 on Today at 10:06:13 PM

Well government might do that because they have enough funds to be used in the future but I don't think so for individual I don't think so but in the cryptocurrency investment, emergency funds is the cash you have aside from the main investment funds and that will also brought the clause I have been using since, "have something doing before you start your investment, you that you won't spend your investment funds, and what you are doing can be your emergency funds.

I think that there can be some flexibility in terms of how to treat an emergency fund, but it seems that 3-6 months worth of expenses would be the normal range that people think about, and surely I think that 3 months can be quite low, but sometimes people want to live dangerously and if there is work to build the emergency fund, from my own point of view, I think that you can sometimes draw on it and even be a bit risky, but if you are in the practice of doing that too much you are likely going to end up screwing it up, so that is part of the reason that I suggest a larger cushion prior to allowing it to float, so maybe the cushion would be closer to 6 months, but you might float between 6 and 9 months, so you allow it to build to 9 months, but sometimes you might draw it down to 6 months, and when you start going below 6 months, then you have to be more careful to be working on building it rather than drawing upon it... but surely guys are going to draw those lines in differing kinds of ways. .. which is fine as long as they don't end up getting burnt... and then regretting their lack of a sufficient/adequate cash cushion.

Quote from: Mate2237 on Today at 10:06:13 PM

But @JayJuanGee can explain more better for everyone's understanding because the "Emergency Funds" here is like giving extra meaning to the conventional meaning. And that might be the misunderstanding of some us because they might only understand it from the dictionary and general uses of the "Phrase".

That's true.. sometimes we might get caught up in semantical arguments in which guys have differing understandings, and it seems to me that part of the way of really learning about these kinds of things is to put them into practice and to continue to try to learn how to balance them in light of your own personal circumstances, and trying to pay attention to your own comfort levels and various kinds of times in which you might be depleting your cash cushion.. ..

and everyone is likely going to have some float in his income, so for example, if someone only get's paid once a month, then there are going to be periods around getting paid that everything seems fine, and towards the end of the month is the part in which there may well need to be a no matter what cushion that the amount of cash does not go below a certain amount. Of course, getting paid more frequently will help the within the month possible short-falls, and so someone who gets paid only once a month likely has to keep a larger cushion than someone who gets paid more frequently...

..and part of my point that the lowest reserve is likely going to come at similar times each pay period or each month and you can monitor those periods, including figuring how you might treat different levels of reserve.. and how much tolerance do you have for your cashflow to get to certain low levels.. which surely I consider to be stress that is unnecessary because it is the kind of stress that you can avoid and/or minimize.. and other aspects of having an emergency fund will make it quite more likely that you will not experience emergencies as compared to the person who does not have an emergency fund or who has an inadequate emergency fund may well end up going through emergencies every one or two months.. which just seems crazy to me... but we know that people live like that and when you are a serious investor in something like bitcoin, there is no excuse to have those kinds of incidents.. there should be zero tolerance for such.. .and you should be able to go 15 or 20years without ever having any emergency incident because you always maintain a sufficient/adequate cushion.

Some people actually believe that it is normal to have emergencies several times a year and maybe even every month or two, and that does not happen with decently well organized people.. and part of the secret is the creation and maintenance of a sufficient/adequate emergency cushion (fund).

Quote from: Mate2237 on Today at 10:06:13 PM

And as it said earlier, emergency funds are not easy to save or keep because problem arise in human life every day so if you are keeping more to invest then you have to displayed yourself for some minor occurrence but even that is to not easy to bypass. But some people used to keep or luck emergency funds in apps to be use in the future, so when Bitcoin price low and you have emergency funds at that time then it is good for you to top up your wallet with good amount of Bitcoin if only you have enough emergency funds at that time.

I would not call your float to buy extra BTC emergency funds, yet I do not disagree with the overall point that there can be all kinds of ways that extra funds are kept and that your emergency funds can be seeming to work for you in a variety of ways, while at the same time, you should be keeping track of them and not letting them drop below certain levels in the aggregate or even in various places that you might have varying categories of extra funds.