Quote from: Justbillywitt on Today at 07:20:08 PM

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

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

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.

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.

Why waste two months that's supposed to be aimed at accumulation in building emergency funds, and neglect the actual accumulation that you are supposed to be doing. Emergency funds is important to have while you are investing in bitcoin. But instead of spending months of building this emergency funds, you can do it side by side along side with your bitcoin accumulation, if you don't have the bulk amount to deposit in your emergency funds account at once. Some investors make the mistake of channeling their energy in doing things which they can do later during the course of their investment, and pay less attention to what needed the most attention from the beginning.

This scenario has been discussed for so many times here and actually there's no need for anyone to pay attention first setting up their emergency funds since actually they can do it later on. They are not earning with that funds so much better that what they pay attention is to accumulate Bitcoin first then build their portfolio.

They are just wasting their time for building their emergency funds since instead of they already accumulated decent volume they are stuck separating funds for that unnecessary thing on early part of their investment. But at least they are thinking about setting up their emergency funds right?. Discussions about this bring good influence to people to do the right thing, also its good that they are not only paying attention on their investment but also personal security if there's problems comes at their end. They just need to set up a good plan to make everything works and decide well what better things to do.