Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
michellee
on 02/02/2024, 08:38:27 UTC
⭐ Merited by JayJuanGee (1)
Am emergency funds is a cash reserved that is specifically set aside for unplanned expenses or financial emergency.it is a  prioritize factor in your bitcoin accumulation strategy whose fundamental purpose is to enable an investor not to sell his investment prematurely in the case of an unforseen circumstances that may arise and if this is taken care of it becomes easier in the Bitcoin accumulation journey with target and the emotional rest needed to manage the asset.
It is best not to mix emergency funds with investments in Bitcoin. You can allocate the money for some needs, including an emergency fund and for investing in Bitcoin so that for each need, there is a certain amount of money ready to be used. Your investment in Bitcoin does not need to be used as an emergency fund so you can continue accumulating more.

You can be calm in carrying out your investments by allocating funds for each need. No one will be disturbed because even if you have sudden needs, there is already an emergency fund intended for sudden needs. Your investment funds will not be disturbed or used to cover sudden needs.

That is where we need to have a fund allocation so that there is no interference with each fund allocation. Many people sell their Bitcoins because there is a sudden need and that is acceptable. But they should also make a budget for sudden needs so that it doesn't interfere with other needs.