Quote from: Btcdeybodi on June 15, 2024, 05:58:24 AM

Quote from: Ruttoshi on June 14, 2024, 09:19:10 PM

People that can keep their emergency funds in bitcoin are those investors that have accumulated more than enough Bitcoin or feel that they have enough Bitcoin, because they have reached their bitcoin target and if they sell, they will not run at loss either during the dip or when bitcoin price is high. Part of their bitcoin can serve as an emergency funds for them. Emergency funds, reserve funds and float should be in fiat.

Sure some people who have gotten a huge stash of bitcoin can still keep their emergency funds in Bitcoin but to me it will be unwise for any bitcoin investor to convert their Bitcoin to Fiat simply because they want to attend to an emergency because if it is a time when transactions fee are high and there is so much congestions in the mempool it will be difficult to attend to that emergency needs are that particular period of time since the transaction may be delayed and to withdraw little amount of Bitcoin with a high transaction fee is not ideal. However your ending paragraph is just the best way

Yes, you are right. That way, bitcoin can hold stars with more bitcoins left than a specific target in 2023, when BTC was so trumped. Many have bought enough BTC.

When the price of BTC was $60k or more, those who were the target would have been better off owning a BTC. With that $60k, they bought at least 4BTCs during the dumping. Then you see that those who had a dream or desire to buy a BTC had four BTCs at the time of the dump around 2023. They had purchased more than their target.

Consider the position of those who can now buy four BTC for 60k. Those who invested in BTC bought large amounts of BTC during the market downturn. This was a missed opportunity for those who did not invest, as they could have gained more.

Let's examine the logic of those who bought BTC at $15k+ during the 2023 market downturn:

2023 Dumping Time: 15k+×4=60k+ When 60k+, they thought the target was 1BTC, so they bought 4BTC with 60k. They exceeded the target.
2024 Pumping Good Time: 4×60k=240k Where do you see their current position?

What I mean by the above logic is that they have reached their BTC goal and have no more drawbacks. They can sell now if they want, and there will be no downside or loss because the price of Bitcoin is high now. A portion of their Bitcoin indeed serves as their emergency fund.