Post
Topic
Board Speculation
Merits 5 from 3 users
Re: Buy Buy Buy or Sell Sell Sell?
by
Pi-network314159
on 18/06/2024, 15:16:51 UTC
⭐ Merited by Btcdeybodi (3) ,JayJuanGee (1) ,Dailyscript (1)
But before a newbie start accumulating it is always advisable to have built an emergency funds at least 3-6 months.

I really doubt that it is necessary to build up an emergency fund of 3-6 months prior to investing into bitcoin... People woudl never invest into bitcoin if they have to build up their emergency fund in advance..
I guess people may build up there emergency fund of  3-6 months in prior to bitcoin. its just a matter of choice which I wouldn't doubt. You know in bitcoin Investment people have different ways of doing there investment. It may be a bad approach to others but good to some, and may be the best way they can be able to do it seamlessly.

Sure maybe the emergency funds and the bitcoin investment could be built up at the same time.. at least until a person gets to around 3 months of an emergency fund.

for me, that is the best way to do it effortlessly. when a person is investing in bitcoin and also keeping his emergency and reserved fund, it make alot of sense than just building up emergency fund for some time before starting to invest in Bitcoin. Everything is supposed to grow simultaneously altogether. If a person is accumulating emergency or reserved fund, before investing in Bitcoin, surely there are certain things you wouldn't have done if you have  invested in bitcoin. but since the emergency fund is there in fiat, it is easily tampaerd with, because such person wouldn't have any option than to use it all when an emergency arises, there by making the person not to be able to start investing. and it is otherwise known as a delay tactics which will hinder the process of bitcoin Investment. but if it was invested in bitcoin the person will minimise the spending of his reserved or emergency fund.

I speculate that an overwhelming number of folks who do not have investments, they still might well have a practice of having 2-4 weeks of floating cash that they might not call their emergency fund, but is serving as an emergency fund

yes having 2, 3-4 weeks floating before investing is good. it helps to invest seamlessly and free from pressure. because a person that start bitcoin Investment and having emergency fund at a go may find it slightly difficult to invest compared to a person that may have accumulated some emergency and reserved fund 2-4weeks earlier.  because such person has a more balance and advantage in reserved and emergency after using the amount needed.