Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Mayor of ogba
on 06/04/2024, 12:05:04 UTC
Many times emergency funds are form of cash that are very liquid but they may well not be earning any interest or gaining value, so there could be some sense that those funds are neither working for you and that they might be losing  value as fast as you can build them up, so in that sense, you might have quite a bit of hesitancy in holding very much value in cash and/or cash equivalents,

I was considering a possibility where we can store our emergency funds in other asset that could retain the value we put in it, since generally cash suffers from inflation and you know there are possibilities that our emergency funds would not be used in very long period of time

When you talk about storing your Emergency funds to other assets, if i may asked what other assets could be good to store our Emergency funds?, actually one thing you should also consider is that most assets has a very high inflation and if perhaps you store all your emergency funds for months and you decided to make use of it and realize that 10% has left from your emergency funds, what then will become your emergency funds?. So actually emergency funds shouldn't be regarded as something or funds that could yield profit but in other words is being established for a certain purpose, so storing it on assets is totally not advisable.
Storing emergency funds in other assets is not a good practice. If the asset you stored in your emergency fund is in a dip and you have an emergency that you need to solve, you cannot access your emergency funds or sell that asset to raise funds that you will use to solve the emergency because you will want to sell it at a low price. This strategy will make it hard to hold bitcoin for the long term because the emergency funds will not be readily available to use.

Investing in shitcoins long term is foolish, never make that mistake Bitcoin is trustworthy as far as possible If you invest $100 $100 you invest in Bitcoin. Then you can benefit the most, because long-term investment in bitcoins will certainly reap benefits. And if you can't then start saving bitcoins in DCA method. Of course you invest in Bitcoin success is sure to come but you have to be patient.
Investing in shitcoins for short-term or long-term is never an option because shitcoins were only developed to rip people off their hard-earned money. Even though you buy the shitcoin during the presale, you will lose your money because the shitcoin will be listed below the presale price.