Quote from: Yukyzu on Today at 01:37:49 AM

Quote from: Ever-young on May 07, 2024, 05:40:48 AM

Why do people go into Bitcoin investment with setting up an emergency fund or a form of reserve to take care of expenses and emergencies when they arise, because surely emergencies will arise in the long run and without the availability of an emergency fund, one's Bitcoin holdings would be the only option available, and when one always run to their holdings to sort out other expenses, the value and strength of your holding would drastically become weaker and this isn't good for investment.
People should always prioritize setting up emergency funds to avoid scenarios such as this.

Having emergency funds is of course very important if we want the investments we make to run well, because if we don't have funds that we can use for emergency needs and suddenly we need them while investing, of course we have to take out some of the investments we have. before achieving the investment target that we are carrying out, if we are in a profitable situation, of course it is not a problem, but if we are in a market condition that is experiencing a correction, of course this will be detrimental to us, yes, everyone must first prepare the funds so that they do not experience any problems. when making investments.

The emergency fund and reserve funds are just as crucial to an investor as much as his investment is to him because having an emergency fund not only gives him peace of mind but also give an investor some sort of immunity and also helps them to avoid making hasty and rash decisions when the market is volatile and fluctuating.
An investment is never complete without an emergency fund because while you're busy accumulating bitcoin, emergencies would surely arise in the long run and if there's no way to cover these unforeseen occurrences, then one can never be guaranteed of the smooth running of his investment.