Quote from: michellee on Today at 08:38:27 AM

Quote from: Tmoonz on Today at 05:42:30 AM

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.

It cannot be said that forming an emergency fund is absolutely unimportant when it comes to investment. People who are very serious about investing and who don't want to miss out on their investment in any way create an emergency fund. You say there is no need for emergency fund for investment, I am telling you the need for emergency fund.

* Having an emergency fund in place will allow you to continue your investments from the emergency fund if you ever find it difficult to manage your money.
* Having an emergency fund will make your investments stronger.
*There is no chance of you missing out on your investment as a result of the emergency fund.
* If you invest a portion of your salary every month and if you get salary late in any month but you can use money from your emergency fund to invest.
But investment can be done without emergency fund but investment is stronger if emergency fund is there.

Quote from: michellee on Today at 08:38:27 AM

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.

Emergency funds are only used by investors when they cannot manage enough money to invest regularly. If there is money to invest consistently every month, money from the emergency fund will not be spent, but when the money is not managed, we are forced to use the money from the emergency fund.

Building an emergency fund is not at all a difficult task for an investor, the investor should keep three times the amount of money he invests in the reserve fund every month. If he keeps three times the money, if he is unable to manage the money in the next three months, then he can use the money from that reserve fund to continue his investment.

Quote from: michellee on Today at 08:38:27 AM

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.

Investments should always be made with the plan that we will hold the amount of investment we are investing and if we can, we will increase the investment but we are not in favor of selling the investment. After investing, if the investment is sold due to urgent need, then there is no value in investing. If an investor thinks about the things he might need in addition to investing, he can save some extra money so that he can meet his needs from that saved money when needed. Invested with all the money but suddenly his financial need arose and at that time he sold his investment, in which case the investor may face loss. The investor will face losses because the market will not be positive all the time and the market will not always be the same, maybe it will be seen when he sells his investment, the market has gone down a bit in this case but he has to invest bitcoins with some loss from the purchase price. More importantly, he is not able to hold his investment for a certain period of time whereas before investing he invested for long term and invested for good amount of profit. This kind of planning should be done by the investor before investing because if the investment is not done properly then the investor has to go through many challenges to sustain his investment later on.