Quote from: cxtreenal on Today at 06:19:48 PM

Quote from: ginsan on Today at 05:31:56 PM

Quote from: Byebyebtc on Today at 03:02:30 PM

I dont agree with you. You should definitely have an emergency fund for unexpected events that may happen. If not, you are just going to take your investment later on to attend to the emergency. A 2-6 months emergencies is enough to start an investment you dont need to gather all the money in the world. The reason for having emergency funds is to play it safe while you are starting your investment. There is no certainty of any bad happening but what if? That is the question you should be asking yourself. Because we dont know the future so to avoid any investment mistake why not have an emergency fund. After 2 months you can start your investment but still have it in mind that if you are not satisfied with the amount you have in your emergency fund you can put more funds there.

For the initial stage I think there is no need to think about managing emergency funds because we need to adapt to ourselves in running investments. If we are able to adjust well I think the next step is of course we will get used to thinking about better strategies in perfecting the investments we make.

An emergency fund is necessary for long-term Bitcoin investment. Someone may be so poor that their discretionary income is very limited and they save a small amount of Bitcoin for the future. It may be difficult for them to raise an emergency fund. They should try to diversify their income sources or increase the amount of income they currently have. Need for an emergency fund should be partially mandatory because you should take your Bitcoin savings to a level where there is a possibility of high profits for 4-10 years. Need for an emergency fund is much more important to perfect your long-term Bitcoin journey.

Having an emergency fund is good so you won't sell out your Bitcoin in a short while when what you didn't expect comes up but what is much more important is having your discretionary income and then get started, if you have your discretionary income ready you can get started in accumulating Bitcoin and along the you can be building your emergency fund along your accumulation process.

You can be waiting to sort out your emergency fund before getting started while your discretionary income is been tempered with maybe by other family challenge and you may end up not starting your bitcoin investment so it is most important to get your BTC investment started when your discretionary income is available.