Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
bitzizzix
on 18/04/2025, 15:09:22 UTC
⭐ Merited by JayJuanGee (1)
...

I don't know though, I mean as average investor, the money that I invested could be my emergency fund as well.
It is a very bad practice to invest into bitcoin with your emergency income or fail to build one alongside your accumulation journey. It places your investment at risk of being tampered in the face of real emergencies. Emergency funds are built only to attend to real emergencies and no other purpose.
No matter how aggressive an investor want to be in accumulating bitcoin, he or she should never make the mistake of accumulating Bitcoin with his or her emergency fund, it will put his or her bitcoin investment in danger and he or she may end up selling off his or her  investment in lost when emergency arise and there is no emergency fund to handle that emergency, emergency fund is supposed to be for only emergencies and not for accumulating bitcoin it is investing mistake.
Therefore, everything must be planned very carefully, consistently, and steadily against the plan that has been prepared and take into account if sudden or emergency things happen. And most of them do not have or prepare all of that from the start which results in investment failure.

As the name implies, emergency funds and emergency funds will only be used when an emergency occurs and will not be used for anything even if it is very urgent for any reason including aggressive purchases and if it deviates from the plan, there is a risk of chaos or confusion that causes the sale of ownership due to coercion.

If you want an aggressive purchase, you should not use emergency funds and even though you have been doing it well so far, we will never know an emergency will come suddenly and this is what you have to think about, you don't need to be tempted by aggregate purchases because by running according to plan very consistently it will be wiser there and can run investments very well because in the end in the long term you will also have a lot of Bitcoin if you are consistent with your periodic purchases, and besides that your emergency funds will also increase and both are very profitable in the long term.