Quote from: Marvelockg on Today at 10:06:50 AM

Quote from: JayJuanGee on Today at 02:23:12 AM

So, the punchline is that due to my errors, my lack of properly keeping enough cash on hand, there remains a certain quantity of my BTC that I ended up selling in the price range between $3,800 to $4,200 that I was not able to buy back.. which probably was around 1-2% of my then BTC stash that was not able to be bought back.. .. except, I suppose later that I probably ended up buying some of that back at higher prices.. but even that is not really clear in terms of whether my BTC stash might have had ended up being forever reduced by 1-2% because of the price point in which they were sold and the fact that BTC prices were near bottom prices.. so ultimately it was a mistake of selling low rather than selling high.. and then never being able buy back at lower than the sell point (except for my mentioning that about half of it did seem to have had been bought back, so instead of shaving off 3-4% of my BTC stash the end result was only 1-2% of my BTC stash having had been shaved off.

this has helped a lot to showing the importance of making proper plan on how we use our reserve funds so we don't necessarily sell our holdings at a cheaper price because what we've set out as our emergency funds isn't enough to meet up with the issue at hand. For your situation, it's even not all that emergency case since you already hard plans on making such expenses and this is also what happens when we feel that we are waisting away certain funds as it's not bringing us interest and that it's better we invest it into a small project since we've not seen any possibility of an emergency happenjng anytime soon and when it finally happens that we have to fix issues with our funds our holding becomes the most trusted source to fall back on.

Maybe while making plans for our emergency funds, factors like how much from our monthly income will be going into emergency should be properly spelt out and a strict measure regarding the need to never touch it except for real cases of emergency be set out. But then, outside of an unplanned situation, thier might be cases when we have personal projects like marriage or cases when we might have a child coming into the family which directly means that our expenses will become more than what it use to be and a need to necessarily adjust how much we allocate to our DCA, house upkeep and how much should be kept out for emergency situation and this all calls for a meticulous planning process if we don't want to sell our holdings at the wrong time.

As simple and basic as the concept of proper planning and implementation of how much we keep out as our emergency fund and when best to spend it his, it could make a whole difference in terms of how possible it is to keep our holding without touching or selling it until we meet our accumulation goal.

Your very right about this, sometimes it's better we stick with the plan we have made, I his case I guess it was an issue of trying to take the opportunity and buy on that dip but you know thigns never go as planned and he ended up needing the money sooner than he expected although he had already been expecting to make that expense, what I have personally learnt from this is stick to the plan and at times its better we miss some opportunities that come our way than take them.

We could also liken this experience to someone that had a good financial cushion or had good reserves, floats and emergency funds, and a dip happens in bitcoin and he had been buying down the dip with DCA and some lump sums and eventually exhausted his reserves and spend able floats and decided to use some of his emergency funds to still buy hoping to build it back soonest, and unexpectedly an emergency occurs and it lead him to a stae of panic an he had no other asset that he could liquidate(you know its not a bad idea to liquidity lesser grade asset than bitcoin) or any other cash to take from and had no other choice than to sell some portion of his asset to solve such problems. And just imagine he was a beginner and had not acquired much, this could make him sell of everything he had acquired and have to start all over. IMO never use emergency funds for any other thing than to solve emergencies, its our investment insurance.