Quote from: MusaPk on Today at 01:37:22 PM

Quote from: Proty on Today at 10:17:57 AM

yes, emergency funds is supposed to act as a safety net whenever there is unforeseen contingency or situation that threatens ones peace of mind and not to be used for investing. so many fails to understand this and are easily carried away by the intense of making profits. However when they are face with emergency or situations that threatens there peace of mind that's when they will realise the importance of emergency funds, that it sole aim is not for investing.unless one have steady source of income or upcoming income,if not using one emergency funds for investment is just like trading or gambling with one peace of mind.so it would be wise if emergency funds is strictly for emergency and discretionary income for investing in bitcoin.

As a Bitcoiner our income must have three parts: daily living, emergency funds and discretionary funds. While the discretionary funds sole purpose is to buy and hodl Bitcoin, we also need fiat to meet our day to day requirements and also to cater emergency requirements like paying for medical bills. The funds for daily living and emergency must be our priority because they are required to live a peaceful life, once you are comfortable with these funds the rest of money should go to Bitcoin. What we are investing in Bitcoin must be out of sight, out of mind and that's only possible if we have enough money in hand to meet our daily requirements. otherwise one will keep converting his Bitcoins to meet day to day needs.

I doubt that you are describing matters clearly.

Discretionary income/funds is whatever money that you have left after you have either taken care of expenses or allotted your income for expenses.

Emergency funds is additional money that you can have and/or potentially build up, and you are building that up from your discretionary income and hopefully you are able to build that up to three months along side with building up your bitcoin investment. Bitcoin investment also comes out of discretionary income, so if you are building up emergency funds, then you likely would spend from emergency funds prior to tapping into your bitcoin.. but at the same time, if you have some emergency come up during the month, then those expenses would also come out of your discretionary income or even your other back up funds (if you have any) prior to spending from your emergency funds.