Quote from: Sim_card on Today at 01:28:08 PM

Quote from: michellee on Today at 12:16:12 PM

Quote from: Obim34 on Today at 09:50:19 AM

Wether they take quick profits or not Bitcoin still remains, it's all by choice and how we view from our perspective, each investor knows what's suitable and good for him because the needed funds used to invest was raised by him, despite all these happening, we only just advise investors to purchase/ keep on purchasing Bitcoin, restrain from selling and continue to hold for the long run in order to maximize the profits and store this wealth for a longer time.

Emergency funds are compulsory units in the process of accumulating Bitcoin that should not be neglected, life is full of unforseen circumstances that may come either at the appropriate time when funds is surplus or not, during this point in time a persons emergency funds will step in to resolve that issue instead of altering one's investment portfolio just to solve the need.

For emergency funds, it is best to separate it from investing in Bitcoin so that it does not interfere with our investment plans. But there are also investors who use some of their Bitcoin to meet their emergency needs because their emergency funds cannot cover them . This is understandable because we often experience emergency needs that we must fulfill immediately.

That is not ideal, and I will say that is lack of planning on how much should be assigned to your emergency funds, and how much you are to use to invest. If both the emergency funds and investment funds are not balanced, for instance you are investing with an amount more than you are suppose to use to invest, and careless about your emergency funds. It means that such investors will fail in their bitcoin accumulation journey, because they don't take their emergency funds as their priority, to enable invest in a long term without touching their investment.

Yes agree with with this. Lack of planning cam cause a lot of things on the Bitcoin journey, when an investor doesn't a good planning towards his investment, the pressure of investment will make him feel depressed because he's not well set for the investment. An unexpected expenses is also called emergency expenses, and if you are not having a good money on the savings account it means you are not ready to achieve big on the long term investment because any emergency can happen that will need money before it can be resolved, so if one do not have a quality amount of money the person can't hold Bitcoin long.

Quote

Any investor that sees his bitcoin investment as his emergency funds, is only gambling and is not ready to invest and grow his bitcoin investment to reach his bitcoin target, because he lacks the knowledge of how important emergency funds is when you are investing in bitcoin. This is why JJG as always say that an investor emergency funds should be at least 3-6 months, so that whatever emergency funds that arise in future, it will be taken care of without selling any of your bitcoin. If your emergency funds have reduced due to some emergency that occurred to make you spend half or more than half of your emergency funds, you are to rebuild it back again to a certain level.

IMO investment without emergency funds is not advisable because there might be no reward in it, emergency funds can help build your Bitcoin investment higher because to me, its just like a back up asset that can help an investor achieve the amount of Bitcoin he/she wants if they keep on accumulate. Saving funds from 1 to 3, and 3 to 6 months. Rebuilding an emergency funds is very important when it concerns investment Bitcoin investment plans. Let's maintain $1000 for emergency funds, if you spend half of it based on excessive emergencies, rebuilding it might take 3 months again but it's based on how much you earn monthly.

Quote

Any investor that does not make available his emergency funds and is investing in bitcoin will collapse his investment or that thinks his bitcoin investment can serve as his emergency funds will end up selling all his bitcoin. Which means that investor have been wasting his time. The purpose of investing in bitcoin using DCA method is to continue building regularly nonstop, but using your bitcoin as an emergency means that you are scaterring what you are building for the future, which means there might be no future for you with bitcoin.

Anyone who's interested in Bitcoin and has already learned about Bitcoin investment should know that he/she can not go further without having an emergency funds, and it won't be better if an investor takes bitcoin investment to be an emergency funds.