Re: Buy Buy Buy or Sell Sell Sell?

If an investor cannot keep an emergency fund or a reserve fund (backup fund), then he will put his investment at risk. Because an emergency fund is kept for danger. If an investor gets into danger while running his investment and there is no one to help him. Then if he has to sell the investment to get rid of that danger, then he will have no end of regrets. You can face many obstacles and dangers while investing. Therefore, an emergency fund or a reserve fund is necessary to deal with any emergency situation.

Danger never comes in a hurry. If you keep an emergency fund, it means that you are going to invest risk-free. Those who do not keep an emergency fund or a reserve fund often lose their investment after being caught in a storm.

Having an emergency fund is indeed a must for everyone, whether they are investing or not. But when investing in bitcoin, of course, an emergency fund can be likened to a shield. Because its use is to cover emergency needs when the funds allocated for needs have run out. So in such conditions, emergency funds can be used. But if you assume that when investing and having an emergency fund will be free from all risks, I think that assumption is not quite right. Because you need to remember that having an emergency fund does not mean eliminating all risks, but rather to be able to minimize the risk so that it is not too big. Because basically the risk can never be completely eliminated when investing in any asset, including bitcoin. So don't misunderstand the use of an emergency fund, because if you assume that all risks are gone when you have an emergency fund, of course that is very wrong. Although bitcoin is indeed a fairly safe investment asset, investing in bitcoin still has risks, although not as big as other assets.

It's good we have any emergency fund because unexpected things happened unannounced instead of running up and down looking for where to get money you just deep hand into your emergency fund and sort out your issues without the next man even knowing but in bitcoin investment it shouldn't be a thing of must before you get started with your bitcoin investment, you can still start with your bitcoin investment if you have a left over income (Discretionary income) you are very free start buying bitcoin and sort your emergency fund along the line.

Yes, it is possible to do that. But here I am talking about it to be more comfortable. Because if you already have an emergency fund before investing in bitcoin, it will certainly be much calmer. Because basically we never know when an emergency will come. So it could be that today we invest in bitcoin and tomorrow we have an emergency. So if that happens and we do not have an emergency fund, of course the money we invested in bitcoin will be withdrawn. That is why I think an emergency fund is very important to have, even before investing in bitcoin. Although it is true that we can collect emergency funds while we are running our bitcoin accumulation (DCA). But the point is after I think more deeply, having an emergency fund before investing is a better thing. In addition, if you do not have an emergency fund before investing in bitcoin, it can be said that your financial management is not good. Because having an emergency fund should not have to wait until you have invested. Because an emergency does not see whether we have invested or not.