Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Bravethug
on 20/02/2025, 20:28:22 UTC
I don't think emergency funds are that necessary when someone has stable sources of income. For example, when someone is a wage earner or salary earner, their income can simply serve as emergency funds if they plan well.The reason why I feel someone needs emergency funds is when they don't have stable sources of income. These are the people who need emergency funds in case anything comes up in the future. This way, they won’t need to dip into their investment funds.However, as long as someone has stable sources of income, those incomes can serve as emergency funds. The only thing is that if someone wants to enjoy Bitcoin investment, they should use the DCA (Dollar Cost Averaging) method and avoid buying all at once.

With little understandimg I have gotten about emergency fund, I think emergency funds are funds set aside for unexpected occurrence so I don't know how salary or wage as you've said can serve it's purpose may be am confused and I will be very happy if you explain it for me in details, I understand that as a newbie we don't necessarily need Emergency fund from the begining but going by the rules of bitcoin investment we ought to have this emergency fund ready because it helps us not to think of our investment as an option to solve any emergency problem that may occur during our accumulation process, as a newbie I understand that despite how sufficient my source of income is, at a time I have to got some emergency funds if I want to avoid the temptation of seeing my investment as alternative to solve any sudden occurrence, I think sufficient and multiple source of income helps us to intensify our DCA or approach our DCA aggressively with consistency at ease.