Quote from: Ricardo11 on Today at 11:50:54 AM

Quote from: CageMabok on Today at 08:58:15 AM

Quote from: Gost ms on Today at 06:17:58 AM

Quote from: ZeroVinsonN on April 02, 2025, 10:16:46 PM

...

There is no need to create an emergency fund before investing. Because if you are not investing, then in my opinion, an emergency fund is of little importance. Invest first and then gradually build an emergency fund. Or if you have the money to create an emergency fund, then immediately create it as soon as you invest. Try to keep 3 times your disposable income in an emergency fund.

It depends on how comfortable someone is when they want to become an investor and want to invest in Bitcoin, because if an emergency fund must be considered an important option for them, then preparing it early and separating it from the amount of capital that will be used in the investment, I think that is also not wrong because in the end it must also be prepared by every investor when they have run their investment. So don't think of it as something unnecessary if in the end it must also be prepared by the person making the investment and besides having to have that, every investor must also have a long-term mindset and should not panic easily when they see market conditions experiencing a price correction.

The importance of an emergency fund should never be overlooked in a long-term investment, because you never know when an unexpected situation will happen, so if you face this situation, you need to keep that in mind so that your holdings are not damaged, and you need to keep an emergency fund as ready as possible to deal with this situation. Because to handle unexpected situations, an emergency fund will act as the only protection and alternative.
If investors invest with their emergency fund ready, they can be much more mentally stable during market volatility, and an emergency fund is a very important thing to maintain long-term investments. It can be said that an emergency fund is a protective cover for keeping your investments for the long term, and those who can maintain Bitcoin investments for the long term can be real successful investors.

Prevention IS better than cure, an emergency funds at the ready serves as a contingency plan for any unforseen circumstances that might come on during your accumulation phase, if an investor cannot save up for emergency, then they should keep investing, but if your discretionary funds can be split in two, then while investing with one part you can put the other part into your emergency account.