While I_Anime was advising investors to utilize the opportunity that the market has brought to buy the current dip, I_Anime didn't say that investors should use their emergency fund to buy the dip if they don't have leftover money to comfortably buy the dip. I_Anime was still of the opinion that if investors are buying the dip, they should not overdo it in such a way that they will use their emergency fund to buy the dip, which is the right way to invest in bitcoin, and it will allow investors to always solve their unexpected problems during their accumulation journey with their emergency fund.
If anyone decide to use the money that’s suppose to be used for emergency purpose to accumulate bitcoin just because their is dip in the market, what if the dip continues, and emergency arises which you will be needing the money which you used in accumulating bitcoin, you won’t have choice than to sell the bitcoin which you acculturated, and you might be selling at loss because bitcoin might have dumped more. So if money is suppose to be used for emergency purpose, then don’t invest it in bitcoin.
That's true, surely our overall emphasis lies on the fact that emergency fund should not be used for buying Bitcoin no matter the situation but to be used for only emergency, but there are situation we make silly decisions as a result of fucking up in terms of lacking in discretion fund. It could not necessarily be intentional but having issue that makes us spend all our fund that leeds to touching emergency fund. Kindly note that this situation are not a regular case schenerio but comes at least once in a long time. I could remember a postade by JJG some weeks ago where he also emphasis on this issue below is the post.
I personally consider emergency funds to be something that you do not touch absent actual emergency. The reserve funds could be used for various non-emergency unexpected matters /expenses.. and also, if you run out of reserve funds, then the last resort that you have prior to tapping into your bitcoin would be your emergency funds.
He said if you run out of reserved fund then the last resort you have prior to tapping into your Bitcoin would be emergency fund. This implies that when there is no other way then the last hope would only be your emergency fund. But I would say before emergency fund would be the last hope then there should be hope for an expected income otherwise it's better not tamperd.
It is true that we want to attempt to employ practices and to create systems in which we never have to dip into our emergency funds, and of course, our emergency funds are likely our last layer of protection before we have to tap into our bitcoin, so if we are getting into a situation in which we are tapping into our emergency funds, that is likely a sign that something is wrong with our finances and/or our financial situation to have had gotten to such a state of having to tap into our emergency funds.