Quote from: Tmoonz on Today at 06:41:49 AM

Quote from: SilverCryptoBullet on Today at 05:31:34 AM

The poor investors might not want to shake out their bitcoin too soon but by having bad financial management, it leads to many bad things consequently including their cashflow management and unexpected sales. When they suddenly have needs of cash while they don't have cash for emergency, they have to sell their bitcoins unexpectedly. If they can hold it longer, they might have profit and I believe they know it too but it's just they have no other choices and are not able to hold in urgent situations.

Let us be sincere to ourselves even without having a Bitcoin investment emergency funds is essential in the general point of view provided that you are earning provisions for it should be made because unforseen circumstances will always be there just that many people pays less attention to it's importance, anyone that fails to plan is actually planning to fail, most of those good investments practices are also applicable in real life experience that should not be ignore and emergency funds is one among them.

Many new gamblers make a mistake at first that they think that investing means just investing and taking profits, that's all. But as easy as they think about an investment at first, in reality it is more difficult than they expect. Not everything goes as we expect, our lives are full of unexpected situations, and such unexpected situations can come in a person's life at any time.
And thinking in both cases, Bitcoin investment must be long-term, without long-term holding,it is very hard to expected good from Bitcoin. And to hold Bitcoin for the long term, you must first create your financial situation in such a way that your Bitcoin holdings are never damaged. And I think that the only option to keep your Bitcoin holdings intact in any unexpected situation is to build a strong emergency fund.

Emergency fund is a very important thing, but people may not understand its real importance at first, but when they face a real situation, and they have to sell their holdings at a loss without wanting to, then they will understand the real importance of emergency fund.
It is very sad that people do not understand the right thing in time, or do not try to understand, when they are faced with real situations and are negitively affected, then they want to correct their mistakes, but at that time they have no other choice.
Therefore, a long-term investor should first focus on emergency funds, keep a strong source of income as well as an emergency fund ready and continue to invest in Bitcoin for the long term, then good success will definitely come.