Quote from: Ishicryptic on April 04, 2025, 02:28:33 PM

Quote from: CageMabok on April 04, 2025, 01:29:04 PM

Quote from: POPOLUV on April 04, 2025, 08:27:40 AM

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.

The goal itself is like that, namely so as not to interfere with the funds that you want to use for the Bitcoin investment path itself so that you can invest continuously without any obstacles when you want to buy Bitcoin. In addition, it can also support you in collecting Bitcoin slowly until it becomes very much because you really don't touch it to sell in the near future under any conditions. So that emergency funds can be said to be an important option for long-term investment support because everyone also doesn't know what their life conditions will be in the future. So as much as possible you have to have really mature preparation if you want to invest in Bitcoin in the longer term.

Emergency fund is a major ingredient if you are planning to hodl for a very long term, with the fund you will not be tempted to touch your Bitcoin stash inorder to spend on emergency expenses that inevitably arises on the way. Without emergency funds to take care of unexpected expenses, hodling Bitcoin cannot be realistic, the temptation to sell will always arise almost everytime, investors can even sell when the situation on ground cannot be qualified as emergency. If you don't have emergency funds on ground, it is better to reduce the amount that you set aside for your DCA and keep the balance in the bankroll of emergencies, if an investor goes ahead to concentrate on DCA buying when they don't have enough left for emergency funds, there is likelihood that they will sell when emergencies arises. Setting aside emergency funds might not be necessary for very rich people who have excess money to spend from when emergencies arises but for people that are not rich who are managing their income, it is imperative that they should set aside emergency funds so that they will not tamper with their Bitcoin stash.

A financial fund is a portion of the monthly income that is set aside to deal with unexpected or emergency situations. Whether rich or poor, everyone should have a financial fund. Having a financial fund is very important to deal with unexpected dangers or expenses in our lives. Having a financial fund is especially important in the field of investment. In the DCA system, when someone starts increasing their savings over time through long-term investments, when an emergency occurs, they are often forced to exit long-term investments due to short-term pressure. As a result, they cannot continue their financial goals. But when they have their own fund, they can not only handle minor dangers or emergencies, but also keep their investments safe from market fluctuations.

Unexpected situations can come in the lives of both rich and poor people at any time. If they have a financial fund, they can handle
unexpected disasters, health problems or financial losses. Rich people often make large investments, and if they have a financial fund, they can solve the problem from the fund if they have unexpected expenses or any disaster. On the other hand, those who are poor have limited income. It is more difficult for them to cope with unexpected situations if they do not have financial reserves. That is, if anyone, rich or poor, has financial reserves, they will have financial security and peace of mind. As a result, they will be able to achieve their long-term goals.