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Quote from: Sonia_123 on May 08, 2025, 10:16:21 PM

Some persons, don't intentionally sells off their investment like that,but due to situations they are forced to since they have good fraction of Bitcoin, they sells it off if they want to sell, some persons sell off their investment that they must have accumulated for a long-term period due to health issues because there is nobody to assist them financially for their medications, while some sell off because they are dieing and don't have any trusted person to transfer their inheritance to, and so they sell it off to fulfill their last wish if they have any, or eat up all their money before they die, so that the effort being made buying and accumulating their investment will not be a wasted effort

Agree with this because I have been in that situation before. But fortunately, I have emergency fund that I always prepare monthly just in case I have an urgent situation. So I don't sell too many satoshis but just help to cover the emergency funds if that funds can not cover it. It is why you need to allocate some money for emergency fund to cover your health issue or other urgent situation so you don't have to sell your Bitcoin. Until the time to sell is come, you will have your chance to enjoy your profit and prepare the funds for many things.

Many people do not understand the importance of an emergency fund at first, but when they face a real situation and need money, which forces them to sell their holdings at a loss, then they realize the real importance of an emergency fund. An emergency fund should be mandatory to sustain an investment in the long term, because unexpected situations naturally occur in a person's life, no one can ever say that he will never face unexpected situations, so a good emergency fund must be prepared with realistic thinking in mind. With a strong emergency fund, an investor never has to sell his holdings at a loss and he is able to hold his Bitcoin holdings for the long term.

Besides that, an emergency fund is not just prepare for the first time but it need to add continuously based on the allocation money we did. When you have an urgent situation, you will not feel that it is difficult to use just your emergency fund without selling your investment. So there is no interference between one allocating money with others and you will not have a hard situation because you do the right allocation. Our investment will be safe while we can cover our urgent situation with the emergency fund. If they don't prepare this, they can do that now because it is not too late to recalculate your money and how much money for every allocation.

One major thing most Bitcoin investors don't know is that emergency funds should be treated the same way we accumulate Bitcoin consistently because as our stash of Bitcoin is increasing, it's very much important that our emergency funds should also be increasing so that it can withstand any serious emergency situation that may arise in the future, but if your emergency funds is small, if it can't take care of your basic needs for like three months minimum, then just know that your investment is seriously at risk, because their are some emergency situation that are big enough to even swallow your holdings if you have no robust emergency funds aside to handle such, in times like that.
So what am trying to say is that we should try to pay much attention to the size of our emergency funds, because when it's bigger, our Bitcoin holdings is much more secure, and will not be tempered with no matter what life throws at us.

What are you saying now? Are you saying that the amount of money we should invest in Bitcoin should be the same amount as the money we should have in our emergency funds account? Or are you suggesting that half of the money should be in the emergency account? If that's what you are saying, I don't think it is a good idea.

As for me, the money I have in my emergency account is just 30% of what I have invested in Bitcoin, which I believe is not a wrong step. My focus now is on continuing to buy more Bitcoin. If I were to have the same amount of money in my emergency fund as I’ve invested in Bitcoin or more i wouldn’t have the current amount of Bitcoin in my wallet.

In fact, if a Bitcoin investor can cover emergencies for 4 to 5 months, I think that’s sufficient to address problems that might arise in the future. Do you even know that it’s possible for someone to go 2 or 3 years without encountering a serious problem? Let’s understand that emergency funds are not the same as the money we use for our daily needs at home, but for unforeseeing problems.