Quote from: laijsica on Today at 01:35:12 PM

Quote from: Popkon6 on May 21, 2025, 11:43:35 PM

Quote from: terrific on May 21, 2025, 10:11:33 PM

Quote from: SOKO-DEKE on May 21, 2025, 09:17:51 PM

emergency funds is very important that every bitcoin investor most have but it not that necessary that someone most have emergency funds before it can start it bitcoin investment

IMHO.
It's important that someone has an emergency fund before they invest in any investment or to Bitcoin.
Why? Because if someone spends his emergency fund into investment and they need it for what it is intended for.
You'll get the picture of what will happen next and that's about selling that. So, it will become no use if someone wants to invest for the longer and yet they have to sell it for some unforeseen event.

Emergency funds are needed to protect your Bitcoin holdings from any danger, whenever you use an emergency fund, you can immediately plan your investments according to the right plan and make your investments long-term. There are many Bitcoin holders who do not use emergency funds, they face the danger of taking their Bitcoins to their destination according to the plan.
And maybe after a while they have to sell their Bitcoin holdings and face different situations. Make investments that you can use for a long time according to the plan, that is why it is of course most important to have an emergency fund.

Yes I agree with you. Having an emergency fund is important for investors if they want to grow their capital to a decent level and stick to Bitcoin deposit. You should keep an emergency fund for the long term. As a newbie, I was not very aware of the need for this fund but through market analysis and review I realized its importance and to keep an emergency fund for at least three months. The question in this thread may be how important is the need for an emergency fund for newbie investors and what should they do if they do not have enough money at the time of starting the investment. The answer is that they should start Bitcoin initially without an emergency fund and later on they can keep a part of their discretionary income as floating cash savings.

I don't understand the message that you're trying pass but from what I understand on the above bolded part of your post is that you are getting it twisted on the difference between an emergency funds and a float funds even though, I know that they're all backup funds. When you don't have an emergency funds and you kick start your bitcoin investment, it's important that you start building up emergency funds along side with your bitcoin investment. You don't abandon the duty of building your emergency funds and start saving for float.

Emergency funds is the first and most important after your bitcoin investment and it is also the biggest in size compared to other back up funds which is why you need to build it to at least three months of your income. Float comes last and it isn't important at all to me as a long term bitcoin investor because we always have our float on us whether we are investing into bitcoin or not.

After your emergency funds, the next is reserve funds which serves as a backup to your emergency funds so that we you want to buy bitcoin at the dip, go to an expensive restaurant for dinner, buy a new bicycle and so, you can use from your reserve funds. If you also lose your job, you can start spending from your reserve funds before tampering with your emergency funds since it should be the last to touch. Float wouldn't be able to take care of a real emergency because it's always a very small amount money compared to your emergency funds.