Quote from: junder on January 17, 2024, 01:21:12 PM

Quote from: Frankolala on January 16, 2024, 04:41:50 PM

Quote from: Troytech on January 16, 2024, 06:23:34 AM

what kind of emergency are we talking about here?.

Emergency funds is very important, because you will need it to take care of any expenses that arises that is out of budget. You said that you are staying with your parents, but it is not everything that you need that your parents will provide for you. For example, taking your girlfriend out or if she is in condition and needs your help financially. There are some emergencies that occurs that are not of our power to stop them and that is why you need to gave an emergency funds always reasy so that you don't go back to sell your bitcoin investment. So for you to be successful in your bitcoin joutney, an emergency funds is very important. Dor people that have some kind of business running, there businesses can be used to take care of their emergency funds.

I agree with you, an emergency fund is very important, because it is something that must be paid attention to, there will be a situation where we will experience something sudden and of course it requires funds to overcome it, such as an accident or other things, so we have an emergency fund it will help us to overcome something that can happen suddenly. Of course, even though we have parents, it doesn't mean that the needs we need can be provided or fulfilled by our parents, at least we also have to have good thoughts, by not burdening our parents to fulfill our wishes.

If you have a fairly serious problem that must be resolved with finances that may be quite large, that doesn't mean you have to sell your bitcoin investment. because in my opinion, selling Bitcoin investments certainly cannot be done haphazardly, it must be done and carefully. If someone already has a business then in my opinion it is mandatory for them to think about an emergency fund and have one.

Always having the concept of the thread in mind which is learning various strategies of accumulating Bitcoin for longer time will maximize best understanding, of which having an emergency fund is a key factor that should be infact be prioritize because it does not only help an investor to hold on to his investment it also help from not borrowing in an emergency which at most time attract interest fee at payback time. Bitcoin is in it's journey to the permanent cite it's limited in nature makes it very unique, is a store of value and wealthy. Bitcoin investment is a long time investment that any one venturing in to it should know in other to obtain what should be obtainable. Having an emergency fund will definitely make an investor hold more longer than planned. Hold as long as you can.