Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Stormisover
on 22/05/2025, 16:20:11 UTC
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.

Having emergency funds is a good idea, but I don't think it's necessary to have it before investing. I think we can plan for that while investing. Having multiple sources of income is something I think is crucial for new investors because it will help them reach their financial goals and allow them to save for emergencies from their income.



While we may be advocating for improving in various areas we think is necessary to enable us having a smooth running investment including our sources of income we shouldn't also underestimate the power of an efficient cash flow management, financial budgeting or funds allocation, that is to say even with one source of income if appropriately utilize through proper financial planning one can actually certain investment goals and objectives but it will rather take a longer period of time compared to those who have more leverages of sources of income. However, this may not necessarily be that crucial for a new investors as you make it look like in your post and can possibly pass negative information to new investors and those having interest in Bitcoin investment but are limited to do so because of money even though we don't need much to start but just a discretionary income being figured out.