Quote from: ultrloa on April 03, 2025, 09:59:13 PM

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.

Balancing investment and financial security is still a better option for me to avoid unnecessary financial stress and long-term setbacks. If you invest on an asset that is highly volatile like bitcoin, without a proper emergency fund, unexpected expenses like medical bills or job loss can quickly disrupt your investment.You might be forced to sell your assets possibly at a loss due to poor market conditions if you don't have savings to use on. Having an emergency fund gives you a peace of mind and ensures you to avoid unnecessary selling of valuable assets during tough times.

Quote from: BITCOIN4X on April 03, 2025, 10:40:32 PM

Quote from: CageMabok on April 03, 2025, 08:58:15 AM

Quote from: Gost ms on April 03, 2025, 06:17:58 AM

~Snip

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.

Emergency funds are the foundation for keeping your investments safe without being touched by various unexpected funding needs. It's like when you build a house, you need a strong foundation to support the entire building so that it is sturdy, without a foundation your house tends to collapse easily. That's how investing is, you must have an emergency fund as part of how you keep your investment assets untouched by unexpected funding needs.

Some inexperienced investors may only focus on investment goals instead of having emergency funds. They don't know what the consequences will be when they need funds as soon as possible, while all existing funds have already been invested. It could be that they have no choice and have to sell some or all of their assets, which will clearly damage the investment plans they have worked hard to build.

I think the reason why some inexperienced investors focus only on investment goals while disregarding emergency fund is because of their eagerness in quick gains. The excitement of chasing high returns can make saving for unexpected situations unnecessary. Success stories portrayed on social media also plays a role making investing to be appealing while having an emergency funds are rarely discussed. New investors think that their portfolio will always be at profit not considering the risks of market volatility or personal emergencies.