Quote from: boty on April 27, 2024, 11:58:19 PM

Quote from: Mayor of ogba on April 27, 2024, 09:09:08 AM

Since emergency funds are necessary for bitcoin investment, it is not wrong if I talk about it even though it has been discussed before because this thread is like a classroom where we learn how to invest in bitcoin and hold it for the long term. New members keep joining this thread to gain a clear understanding of how they can start a perfect bitcoin investment without getting burned. If we stop discussing emergency funds, I think those new members who have joined this thread will not know what to put in place before they can start investing in Bitcoin. Guiding a newbie who wants to invest in bitcoin to have emergency funds before he or she can start is important.

Having an emergency fund is very important to be able to carry out investments well, because without an emergency fund that we have then when financial problems occur in carrying out investments of course we have to sell the assets that we have and do not have funds that we can use for our needs. have and we have not achieved the investment target we have made so there is no profit that we can get from the investment we have made.

I agree with you, of course it is important for everyone who has just started investing, they must be able to understand this in order to be able to invest well, because without understanding this of course it will be difficult to be able to hold on for a long period of time because We will never know for sure when we will need these funds and it would be better if we were prepared before deciding to invest.

Having an emergency funds either in the form of fiat or dollar play a vital role in our holdings expecially as a long-term investor, because one not having emergency funds he or she can use to take care of their expenses while they are holding , is same as taken their investment as their emergency funds, which may lead to the act of regular taken of profits Inorder to cover some certain expenses due to not having some emergency funds to play it's role .

Such act may only lead to one tampering with the growth of his investment , and same time reducing the potential of holding in the yielding something nice as your ROI. Because emergency don't only help in covering expenses alone , but also help us not to depend on our investment whenever we have any expenses, which may lead to us holding our coins for long.