Re: Buy every dip!

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.

You are right that some investors do not have an idea about emergency funds and how it works but rather, they solely depend on their profit, which sometimes does not go down well with them and when their business begins to shake or have issues, they sell their assets just to solve the problem and in some cases when it overwhelms them, they get frustrated and that is the end of their business.

I once had no idea about this aspect of emergency savings till it dawned on me. That was when I realized that I had no savings. I made a budget for it and began my emergency savings, and it has helped a lot when I am in need of financial backup.

Keeping emergency funds will make you grow in an investment because even in normal Fiats savings, you can't save all your money in the bank and you are left with nothing, it will make you to keep tampering with that amount you kept as savings since you don't have any back up funds to attend to emergency situations. It is true that a lot of investors don't keep emergency funds because they have no idea of it, but any determined investor will always make provision for funds that will assist them while they are investing, and they will also know the set back that comes along when you are investing and taking part of your holdings to sort your sudden needs. Emergency funds should be kept in Fiats so that it can easily be accessible whenever you need it for use while your hodlings in bitcoins are very much intact without being tampered, instead you invest more while hoping to get a big investment.

After I have finished pursuing through all the posts that is related to emergency fund, i have really learnt enough ideas on how emergency fund is important when it comes to Bitcoin investments in other to avoid touching your main income, i took personal because ever since i came across this thread, if i have not practice anything but this emergency fund i took very seriously and it have been helpful to me in such away that my accumulating without touching my investment.

Sometimes we are lax about emergency fund or we may not have enough money to do it or due to poverty. Our financial situation may not be investment friendly. Someone may be confused about creating an emergency fund before investing but you can advise him to consider it as an optional before starting the initial investment because you can prioritize this fund for later.
Bitcoin investment is a necessity for emergency funds to prepare for the long journey that awaits ahead. The short experience gained in studying this thread suggests that every investor needs an emergency fund to maintain their family for at least six months and to deal with unexpected situations.

While every investors does need an emergency fund available for obvious reasons, you don't have to save up for emergency before you start investing, you can start with your investment first and then start saving for emergency situations later or you can do them simultaneously, and both funds should come from your discretionary funds so as to not disturb your necessary and basic expenses.
Emergency funds are like a fail-safe that helps to ensure your investment isn't disturbed during accumulation, it also makes provisions for situations like you losing your job, it helps keep an investor going until they secure another job and get their income flowing again all while keeping their investment intact.