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Well the percentage I gave was not a verified one I just thought about it from the stories I hear why people withdraw all there Bitcoin and from the situations I have seen around me it has always been because of emergency issues or problems, well I may not be correct for the percentage gave just my thought.
However if we do a survey about this matter I believe majority of people that withdrawed all there Bitcoin or that dipped hands into there Bitcoin investment will be for emergency reasons.
I am not sure if you are saying anything, especially since I already mentioned that merely engaging in bad cashflow management can end up contributing to actual emergencies that could have had been prevented or better mitigated with better cashflow management, so maybe we might label some of those situations as emergencies, but they aren't, so if you engage in sloppy labeling of what you believe to be happening, then you can call it whatever you like, while at the same time, if you place specific percentage numbers on it, then surely, those kinds of representations could end up being misleading... or creating an impression that you had gotten the numbers from somewhere when you are just throwing out seemingly random numbers based on somewhat random labels.
I understand your point of view very well and you are right
bad cash flow management can end up contributing to actual emergency and that is why we need to have good management tactics in other to secure our investment.
And I'm wrong placing such numbers as percentage since I'm not even sure and is not verified so I take back my words, and about the emergency issue well for me I think what can be an emergency for me won't be for the next person, a lot of people take things that are not actual emergency as though emergency, However one can't say they are not emergency issues since the person in questions sees it as emergency.
I think if we have a strong emergency funds it will help in any kind of emergency we find ourselves and it will be good we try to only use our emergency funds to real emergency only, there are a lot of people that use there emergency funds on something that are not worth emergency and when the real emergency comes they regret using there emergency funds on the former thing, some people use there emergency funds to go for a event they were invested late and because the information reached them late when they have no money so they dip hands into there emergency funds in other to make contributions when they get there which is wrong. But like I said before how I see emergency may be different from the next person but I will advise we use our emergency funds the right way.
And yeah you are right that the earlier we are in our bitcoin investment, then perhaps the less prepared that we might be,
Surely, I was not saying that. I am suggesting not to overly generalize and including that there are guys who might have come to bitcoin early, but they are still building their BTC portfolios, so even if the BTC price goes into $100k and higher they still may well be accumulating BTC for years and years, even if they had already been in BTC for a couple of cycles.
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I'm so sorry for missing quoting you I was thinking that was what you meant, but now you have explained it well and I understand it very well thanks.
Yeah you are correct and that is why is good to have the mindset of a very long term accumulation journey.