Quote from: Abdulzuruku01 on Today at 02:07:08 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.

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.

You can still be making your purchases and still be planning how you can increase your income flow it's not compulsory to get multiple sources of income before getting started in your bitcoin investment as you can get started as you figured out your discretionary income for it will be to be a low coiner than been a no coiner as bitcoin investment doesn't require been so rich before one can start accumulating Bitcoin, with the DCA strategy a new investor can start accumulating Bitcoin gradually provided he has a discretionary income either weekly or monthly and hodl and be planning to how to increase your financial strength.