Quote from: Litzki1990 on Today at 03:54:21 AM

An emergency fund is definitely important for investing but not all investors can invest by building an emergency fund. There are some investors who have a small amount of money to invest and they start their investment with that small amount of money and do not build up additional funds. Additional endowment is usually done to ensure continuity of investment in which case those who have good financial support can create additional funds to ensure continuity of investment. But I think it has to be done as an investor has no such thing. Emergency fund can be stressful for some people and surely an investor can't hold his investment for a long time with pressure so those investors can invest as they want in this case there is no need to take this pressure. Investors can invest as and when they want and with as much comfort as they can invest, so if it is not possible to build additional funds, then there is no reason to take this matter as a pressure at all. Additional funds can be taken by an investor only as an optional means.

If a person buys into bitcoin and does not develop an emergency fund, float and/or reserve, then he is gambling. Not investing.

Yes, it might work out for him, but I would not call that either investing nor smart, especially if we are talking about bitcoin.

If they can only gamble and they are unable to invest, then that sounds like a choice.. but sure, it is true that some people have not developed enough patience, self-discipline and/or organization to actually invest, so they end up gambling with various kinds of assets in life (perhaps including bitcoin), and sometimes they call it investing rather than admitting that they are gambling.

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.

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.

Emergency funds, reserve funds and float tend to need to be allocatedin the local currency or something close to the same as the local currency (maybe some other fiat such as dollars). Bitcoin is too volatile to serve as an emergency fund, but if you have already reached a high level of profits in bitcoin such as being 70x in profits, then maybe at that point it might not matter to you if you end up selling some at 15x profits or some other lower level of profits if the BTC price ends up correcting 50% or even 80%.