Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Silikiem
on 15/06/2025, 15:39:15 UTC
Whether you invest or not, you need to have an emergency fund
It is never right to invest with emergency funds. If you get sick and do not have money to invest, then you can stop investing for a few days, but it is not right to invest with emergency funds. Emergency funds are not always right to take money, when you do not have any money other than emergency funds, you can use emergency funds if you want.
As a Bitcoin investor that really have the intention of being successful in your investment, you really have to know that having an emergency funds is a must, because that's what protect your Bitcoin holdings from any unforseen real life emergencies that may threatens your bitcoin holdings, that's why it should never be tempered with unless their is a serious emergency situation that threatens your bitcoin holdings.
Do not forget that the emergency funds stands as the last layer of protection of your Bitcoin holdings, so if your emergency funds is not there, your Bitcoin holdings is at a risk of being tempered with if any unforseen emergencies arises, so even a cent of our emergency funds should not be used for anything else, except what it's programmed for.

So true, I think I agree with your statement regarding the emergency funds which shouldn’t be tempered with no matter what, not even a cent of it should be used for anything else other than what it is meant for. Unlike the previous commenter who said, “if you don’t have any other money other than your emergency funds, then you can use it”.which doesn’t go well with me because as a bitcoin investor you need a proper cash flow management strategy if you really want to be successful, and being able to know what to do with your emergency funds or not is part of the right cash flow management strategy. The emergency funds should not be used for your bitcoin investment or accumulations, your emergency funds which should be able to cover at least 3 to 6 months of your financial expenses should be able to take care of your medical bills, payment of your utility bills and other financial obligations and not to be used for your bitcoin accumulation.