Quote from: GIF-JOBS on Today at 05:22:28 PM

Quote from: Wapfika on Today at 11:48:02 AM

Quote from: Bitcoin.com97 on Today at 11:21:52 AM

But what if I decide to use my emergency fund to invest in Bitcoin ?what if the market is favorable and I decide to use my emergency fund to get more? Just as u said, it stresses the need to buy and continue to buy and hold for long .

Don’t do this. You should only invest what you can afford to lose while the funds you are planning to use was intended for emergency purposes which you will not know when you will need it.

You will be obligated to sell your Bitcoin if you choose to use fund that was allocated on other important things.

Bitcoin will always available to buy so just DCA using money that has no allocation. Reduce your expenses and use the save money on Bitcoin purchases.

There are many people who decide to buy Bitcoin with emergency funds in this way, there are many mistakes in their thinking, they decide to buy Bitcoin with emergency funds, but they do not even think that an emergency situation can arise at any time, when they need this fund. Buying Bitcoin at the dip price is definitely good and profitable, but for that, we should never remove the safety fund for this. Because as much as you are thinking of buying Bitcoin at the dip price with emergency funds in the hope of making a profit, when faced with a real situation, you will likely lose more than that. Therefore, you should never buy Bitcoin with more money than you can afford, especially buying Bitcoin with a specific fund is never reasonable. Keeping the DCA consistent, if you want to buy Bitcoin at the dip price, then create a separate budget for it as a reserve fund, this is the right decision.

Emergency funds should not be used for investment, it is an amount kept for unforeseen events that will require urgent funds, if an investor wants to buy bitcoin when the price DIPs then he needs to keep reserve funds. Using emergency funds to buy bitcoin at DIPs is a very big mistake because they will end up selling their bitcoins if any emergency needs arises in the future. Instead of using emergency funds to buy bitcoin at DIP prices, it is better to just stick to your usual DCA and forget about buying the DIP. However, sometimes along your DCA, you can still meet a DIP price and buy with your DCA amount instead of using your emergency funds to buy DIPs.