Quote from: Gost ms on June 11, 2025, 06:13:00 PM

Quote from: Fara Chan on June 11, 2025, 10:19:49 AM

Quote from: Spaceman1000$ on June 10, 2025, 02:36:58 PM

Investing your emergency funds looks a bit new to me, ordinarily i was thinking it was cash reserve you can fall back on hence there is real emergency, but investing in gold that is still prone to heavy market instability shouldn't be seen as emergency funds, in my own view, if it gets to the point you would have to put your emergency funds in gold reserve as an investment, why not just empty everything into your bitcoin investment at once since it's already looking like the emergency funds can be invested.

A pretty good question from you for me so I can explain it in more detail. First of all, I am a person who is not immediately tempted by other people's views on anything so I tend to make my own views or ways in anything including in terms of providing funds for investment capital in Bitcoin and also providing funds for emergencies. And what you also need to understand is that an emergency fund is a fund that is saved to deal with emergencies in life when they happen because emergencies do not happen to us all the time.

So the money that we consider as emergency funds does not mean that it cannot be used to be converted into other forms such as gold because gold assets are also assets that are quite stable in price and are also easier to sell at any time and I do not consider it as an investment because gold is a safe haven asset. That is why I never mix every fund that I want to use for different things so that I still often divide funds into three parts for different things, the first for investment capital and the second for the emergency fund and the third is in the form of cash for me to use as daily shopping needs in life.

Emergency fund is to protect our saved Bitcoin. Situations are not always the same, we have to go through many bad times in our lives. If we go through a time like we need a lot of money or your source of income is over, we create an emergency fund so that we don't have to sell the holdings or saved Bitcoin to deal with that time.

I think it is always good to keep an emergency fund in cash. Because suppose if someone suddenly falls ill and needs money very urgently for his treatment, what will you do at that time. It is never right to convert the money kept for an emergency fund into something else.

Yes, you are absolutely right.
It is essential to have an emergency fund in cash.
Let me tell you a real story about this -
A man in our area had some money and bought a few cows with it. Later, he spent all his earnings on feeding the cows and supporting his family.
One day, he needed to buy a piece of land and he had to do it in a very short time.
To raise money in a short time, he had to sell the cows at a low price and the price was very low.

Here it is seen that he had to sell his cows at a low price because he did not have alternative funds.

We know that Bitcoin has to be held for a long time, so to achieve the desired profit from Bitcoin, it has to be held for a long time.
Therefore, so that the Bitcoin holding does not have to be broken at the time of need, an alternative fund must be created.