Re: Buy the DIP, and HODL!

Before I got into the digital asset space, my uncle was going on and on about having this shitcoin and all that. Trading was his thing and he was in more valleys than peaks, and HODLing didn't make any sense to him. Well in Bitcoin, HODLing is how to do it.

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All my life, I never knew that emergency funds should alway be in place in whatever investment one wants to go into. It was when I came to this topic that I saw how important it is for everyone investing or not investing to have an emergency funds should incase we face lost of job. I only knew how to save to achieve something of value.

I agree with you mate and like I mentioned on most of my post, this thread has been a game changer in advancing my understanding on Bitcoin investment because just like you before I came here I had no idea on most of the things that was discussed here such as the DCA, and the importance of having an emergency funds because all I knew then was just how to invest on Bitcoin without knowing there are things that should be put in place so that I cannot ran into trouble during the holding process, so I most say that coming here has totally change my investment narrative because right now I no longer invest the way I used to invest, so I believe that I'm not the only person who has been inculcate on our investment journey through this thread, however all thanks to @JayJuanGee for always making out his time to inculcating us about the ways to go about Bitcoin investment.

The opinion of saving emergency fund to help solve some emergency challenges is not disputable, it's something that every good investor have to put into considerations to ensure that the fund meant for investment is not tempered. However emergency situation is uncertainty that every good investment need to put in planning although nobody pray for such awkward situation but it's bound to happen but it doesn't occur every moment. In otherwise, the emergency fund saved to tackle occurance of emergency challenges can turnout to be a capital for a new investment if proper planning are put in place instead of saving the fund somewhere without it adding interest. For instance, if there is a total some of $150k save as emergency fund to help tackle emergency challenges, a good investor and business oriented minded person can use part of this money to accumulate Bitcoin using DCA strategies for a long term investment and then be accruing the profit of the investment to emergency challenges and within little time in the near future there may be a reasonable rate of return from the little investment made from emergency fund.

I think you are misinterpreting the concept of this emergency fund. just like my explanation of keeping emergency fund just like we DCA does mean if the accumulated emergency fund is large enough that you can't use part to invest on bitcoin. Just as you said that if the accumulated emergency fund is upto $150k you can invest part of it to bitcoin, you are actually right about that. You know different people and how they do things, some people might also use part of the emergency fund for doing other things like buying necessarily items at home or using it to build house. Emergency fund may mean an amount set aside as a savings in the bank or you can call it whatever you like. I think calling it emergency fund does not necessarily mean it is only set aside for emergency. It can can also be use to settle other important things of our life. Emergency is a word use as an alternative fund when you cant touch neither your bitcoin HODLing or your family spending. It is at the middle. You can use it for anything that please you but the main thing is that it must not be empty. I think that is what the notion of emergency fund is talking about. If my explanation is not following the rules I think JJG would be in right position to educate us better.