Quote from: Jewan420 on Today at 11:34:08 AM

Quote from: POPOLUV on Today at 09:55:09 AM

Life is all about planning and knowledge is power, know knowledge is a waste, the little things i will like to impact to you is that, when ever you ready to start up your investment, you should always have it in the back of your mind that you buy buy buy buy dip and hold, and inside the buy buy buy buy buy your emergency fund should be included, so that as you are starting to grown your Bitcoin gradually your emergency fund will also grow along with your main investment that will grow for long term.

You may have a misconception about emergency funds. Emergency funds do not have to grow over a long period of time with investments. You should ensure at least 3 months of expenses in the emergency fund. In this case, you may be able to save 5 months of expenses to strengthen the emergency fund. But more than that and you may fall behind in investing. If you think that you have to keep a constant stock in the emergency fund as you have to make investments continuously, then you are wrong.

Not only the emergency fund, but you also need to prepare a reserve fund, sufficient cash flow and other funds as backup funds for investments. If you only give importance to the emergency fund, which fund will you use to buy furniture or necessary items? Even from which fund will you take money for entertainment on holidays? Basically, you need to plan for every moment of life and keep the funds ready for every moment. Giving too much importance to one fund and ignoring another fund may have a negative impact on the investment.

It could be that you are one wrong here because I don't think if there is any limitations to how long we can be building our emergency funds along with our Bitcoin investment, because it stands as a safety net our investment, building a strong emergency funds is as important as building our investment portfolio since we can tell the extend to which and how it will happen, the more stronger our emergency funds can be the more we feel that our investment can last without us running to it to solve our emergency situation since we can tell the gravity and frequency of our emergency situation over the long term.