Quote from: Solokan on Today at 08:22:47 AM

Quote from: Jewan420 on June 17, 2025, 05:55:35 PM

Quote from: Solokan on June 17, 2025, 01:30:38 PM

everyone certainly has different opinions in this matter, but in my opinion, using emergency funds is certainly free to do at any time if for example we are pressed for medical expenses and so on, as long as the most important thing is that we don't sell btc because the function of emergency funds is so that we can hold btc for the long term and so that when we invest in btc it remains comfortable. and it would definitely be better if we could add emergency funds every month or whenever.

yes, hopefully all of us who invest in btc and do dca will be given health and kept away from danger and hopefully our income will increase so that when we invest in btc we will be calmer.

I am concerned about your statement. You are free to express your opinion and use your funds at any time, because they are yours alone. But this statement may be a bit confusing for the inexperienced. Because, using an emergency fund at any time may not be the right move.

As you mentioned, an emergency fund can be used at any time and it would be better to re-deposit it at the end of the month. Would this actually be a good move? How reasonable is it to use an emergency fund without an urgent need and how will such a quote affect a beginner? What kind of plan would you work with if an emergency arises at the very moment of using an emergency fund without an urgent need? I can't see any way other than taking out a loan or selling BTC.

So it might be a good move if you don't use the emergency fund in the initial stage of the need and keep the emergency fund safe as long as you can. Then you use the emergency fund, but if the emergency does not end, you blame fate. Because you have been fighting the emergency for a long time and have not won. So plan to fight the emergency for as long as possible. By putting your hand in the emergency fund at the beginning, you are putting your hand in the main weapon at the initial stage of the fight.

what I mean is we can use emergency funds when we are really in a pinch because for example there are unexpected costs such as for medical expenses and so on. and what I mean is we have to diligently add emergency funds over time so that the emergency funds we have become larger over time so that in the end we will not be able to sell btc because the emergency funds we have become more and more.

but yes, to make our investment in btc safe so that we don't sell btc, of course there are many ways and of course if we don't disturb the emergency fund, of course it doesn't matter as long as we have other savings, or it would be better for example if we take out health insurance, home insurance and others so that we can be calm in living our lives and surely that way we will also be calm when we invest in btc and will definitely be strong in holding btc for the long term and by doing that like taking out insurance we have great potential not to disturb emergency funds because for health costs and others of course it will be covered by the insurance.

I don't really know how you guys sees emergency funds, but I sees it as something you don't temper with unless their is no other options, and the only purpose of you tempering with your emergency funds is because an emergency situation is there already that is threatening your Bitcoin holdings, because to me it stands as the last layer of protection of your Bitcoin holdings, so why using it for something else when reserve funds is there?
Our emergency funds should only be used in real life emergencies, nothing more.

Finally, as we are investing in Bitcoin, let's not forget to stack up a very good emergency funds that is capable enough to withstand any emergency situation that arises, because if our emergency funds are not large enough to carry some real life emergencies, we may be forced to temper with our holdings, so let's our emergency funds be big enough to combat any unforeseen circumstances that comes our way.