Quote from: George Edward on March 12, 2025, 11:39:07 PM

Quote from: sotelorene on March 12, 2025, 11:15:38 PM

Using one's emergency fund to accumulate or buy Bitcoin is just like going to commit suicide because definitely you won't go any far in the investment. Anyone who uses his or her emergency funds to invest, the volatility of Bitcoin will humble the investor because that is not the right way to invest in Bitcoin. I advise people to stay clear from anything they know they that can not do well because it will be pointless to invest in Bitcoin today and before two months time you are already planning on how to sell your Bitcoin, Bitcoin investment is not running so we should not be in a rush that will make us regret later thereby making Bitcoin look like a scam because that's what most persons do after investing wrongly.

the problem is that most investors do not have patient even while using their emergency funds they just observe the market a little then they buy thinking that is how the market works well that Is a mentality That bitcoin investors must remove for their mind .

It's just a misunderstanding amongst some investors I would've said newbies but though I've not seen or heard anyone who does such but I'm quite sure that some old investors out of greed could use their emergency funds to invest into bitcoin during the dip to get more coins, that's not wise cause it's like ruining ones pillar of support to make more cash, i know some people would think there's nothing wrong in that since it's bitcoin investment but everything about it is wrong cause in the right sense one is not even suppose to use their emergency funds for investment.

Bitcoin is a long-term investment and that alone should give people the idea that using their emergency for an investment involving long-term could cause them to tamper with their portfolio when it's not due, emergency situations are something we don't bargain for and could happen anytime, now what if the person invest with it today and fall sick the next day, I bet they'll want to take out the money they invested to pay for the hospital bills, it's silly and that's what people should consider when they want to make such errors.

It's understandable if a newbie makes such mistake cause it could be termed as being ignorant and with time they'll get to understand that it's wrong but when an experienced investor does such, I think it would be very right to say the person is greedy and foolish, cause they should've already been aware of the consequences, the dip being an opportunity to buy Bitcoin cheaper doesn't mean people should make silly mistakes of tampering with their emergency funds, the truth is that more dips would occur in the near future and if they don't have a spare cash to buy at that particular dip, they could wait till another opportunity comes, don't get me wrong, when I mean wait, it doesn't mean they should wait for only the dips to buy Bitcoin.