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Quote from: ejikeme24 on May 22, 2025, 06:51:27 PM

You may be right when you talked about stacking up our emergency funds, I feel like an investor should be more interested in stacking up his/her discretionary fund so as to enable us buy in routine without seizing, because is very rare Before emergency issues can come up,

Emergencies doesn't come knocking at the door,it's takes us unaware,it's not because Emergencies are rare we shouldn't keeping stacking but we are stacking to keep us prepared for it when it strikes. We don't know how large and tough it could be because financial Emergencies varies in figures,some might come smaller or larger,it's all depends on how prepared and how big your emergency funds can fit in to solve the situation on ground and that's why it's most considerate to keep growing your emergency funds for as long as your Investment is still running. I understand an investor main goal is to keeping stashing enough Bitcoin to grow his portfolio but that shouldn't be it's only interest as other important factors like building an emergency funds helps keeps his investment running smoothly without him tampering with his portfolio in any way in the long run.

Things to consider and how important an emergency fund is to think about, what if you lose your job or source of income and also what if you get sick or your wife, your children, all of which happen suddenly and will require a lot of money to be able to cope and you have to think more if those things happen or something happens that requires a lot of money and that's where the important role of an emergency fund becomes very important. And those incidents often happen when they invest without having an emergency fund and finally they have no choice but to use their investment before the desired time period and the big profit has not been achieved, so it is very important to continue to provide an emergency fund in addition to investing in Bitcoin because both will grow evenly over time and both will benefit you especially the profits generated by Bitcoin as long as you treat it for the long term.

As a long-term Bitcoin investor, the first thing that an investor needs to ensure is a strong emergency fund, but most investors ignore this issue at the initial stage. They do not think about how common unexpected situations are, where they will need a large amount of money urgently.
But if you do not have an emergency fund ready at that time, you will have to sell your holdings forcibly, which will destroy the continuity of your holdings and you may face losses.
Building an adequate emergency fund is one of the biggest requirements in long-term investment and it should be mandatory to build it. There is no substitute for emergency funds to stay safe from disasters in the long-term Bitcoin holding journey.

Emergency funds is important for someone who wants to continue accumulating bitcoin and have an plan of holding for long term. Not having emergency funds at first instance should not hinder us from investing in bitcoin. We might not have emergency funds before starting our investment, but we can start building emergency funds 3-4 months into our investment. But it’s not mandatory to have it immediately as your starting your investment, for someone who has a low income it might be hard to start emergency funds immediately, but for someone who is wealthy it’s more easier for them to build emergency funds immediately. For someone who have a low income it’s okay to start investing and start emergency funds after starting investment, it’s important to be disciplined and maintain a good balance on accumulating and building energyency an reserved funds.