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Emergency funds and reserve funds are needed for the smooth running of our investments, we have unexpected expenses in our lives so preparations about money distribution strategies must be considered as well as possible.
The need for money when you don't have a job is certainly a very sensitive matter, meaning if we don't have reserve funds of course we will make a mistake by selling our assets only for needs within 1 month before we get a new job.
I don't deny it, reserve fund must exist and be prepared. When an investor has reserve fund, basically they have prepared to control investment risks that could occur. Investments never promise return, but their price volatility due to supply and demand has so far provided returs. Without reserve fund, someone may have to borrow from other people if they need fund suddenly, but having reserve funds can save them from changing investment plans midway.
But are you sure each of us has reserve funds? I'm not sure everyone has them, but the average person would love to own them instead of just investing. It would be a mistake not to make a thorough plan when we start investing, especially if this is a long-term investment.
Having a reserve while investing in bitcoin is very good, but those who cannot meet this requirement due to low income should just focus on accumulating bitcoin. The most important thing is to be able to accumulate bitcoin, and if income increases while investing in bitcoin, you can make a plan to have a reserve fund. It is still possible to invest in bitcoin without having any reserve fund. Some investors are very interested in accumulating bitcoin with every little bit of money they have. Having a reserve fund is good, but it is not the most important aspect of an investment. What matters most is to start investing and accumulating bitcoin, and to make plans to increase your income; with this, one can be able to create a reserve.
I agree with you, even if a person has a low income, he still has to bear all the expenses of his family. If that person has bad habits, he also has to spend money, so I want to add something to your opinion. If a Bitcoin holder has bad habits, then he can definitely give up those habits and save that money in Bitcoin.
Because if he can add some more money to his Bitcoin holding, maybe if he can deposit $ 10 to $ 20 a week and if he regularly invests $ 30 a week, then if he can invest $ 50 equivalent in Bitcoin weekly at home and follows the DCA method, then that person is definitely successful. It is not enough to move towards depositing Bitcoin only, we have to make Bitcoin investment bigger by using regular strategies and intelligence, and to sustain it for a long time, we must also give some importance to our reserve fund. We can only take all kinds of steps to sustain Bitcoin investments for the long term.
Yes,It is not really easy for a low earner to invest in Bitcoin, but with good planning, it is possible. Even some rich people we see nowadays, and aspire to be like, some did not come from wealthy families. However, with good plans, they became rich.if someone wants to invest in Bitcoin, they can do it, even as a low-income person. It is just a matter of restructuring yourself, and it will work. It is not only when we start earning a lot that we can invest in Bitcoin.for example, about eight years ago, even those with low incomes who were investing $5 to $10 weekly would have accumulated a significant amount of Bitcoin by now. Just imagine the value of their investments today.
So, with the little someone has now, they can start. What discourages many people from investing in Bitcoin, even with small earnings, is that they focus too much on the profits they want to make. This mindset can discourage them because they might think that investing $10 weekly is not worthwhile.However, if they have a good plan and focus on consistently buying Bitcoin with a long-term investment strategy, it can work out well over time.