Re: Buy every dip!

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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.

While it is not certain that your income will increase as you accumulate Bitcoin, it is a good idea to have some discretionary income in your reserve fund. It is best to start without a reserve fund if you are determined to stick to your plan and are willing to invest in Bitcoin, as this will at least give you a chance to find a way to continue investing long-term while you are still in the market and have a good chance of getting involved. If you are trying to increase your income or are looking for another source of alternative income, you can increase your Bitcoin investment even further. It is recommended to gradually increase the amount of your backup fund to protect your investment, perhaps at least three months of your family's daily expenses. And the focus should be more on starting Bitcoin than a reserve fund regardless of the reason and amount.