Quote from: Merit.s on July 04, 2025, 05:16:19 PM

Quote from: Gallar on July 04, 2025, 03:55:20 PM

Quote from: Umulala-alala on July 03, 2025, 06:41:22 AM

Quote from: Gallar on July 03, 2025, 05:54:48 AM

Quote from: Lembo69 on July 02, 2025, 09:51:32 PM

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.

Seems like you don't understand that you are already late into accumulating bitcoin compared to those who started accumulating earlier which is the main reason why you don't need to build up an emergency funds without starting your bitcoin accumulation. Do you think that it's easy to build up an emergency funds of at least three months of your monthly income with your discretionary income.

It can take up to one year and above in order for someone to build up his emergency funds and you prefer to waste all that time as a no coiner because you want to be on the safe side. I don't think that I buy this your idea because it will slow down the quantity of bitcoin that you target to accumulate in future. Don't forget that bitcoin price and time waits for no one and the more that you delay in getting started with your bitcoin investment, the more you deprive yourself a bigger portfolio in future.

Sometimes, we might have thie emergency funds set up and we will have no emergency popping up for some period of time which is why, as a no coiner, you don't need to be waiting but start buying bitcoin immediately provided that your discretionary income is available, and use it to invest in bitcoin weekly and build up your emergency funds. Unforeseen emergency is under probability to play out or not so don't put it as your priority over getting started with your bitcoin investment that can change your financial situation to a better one in future.

Friend, it seems like you don't understand what I mean, because the important point I want to convey is which is safer to do when investing in bitcoin. Because having an emergency fund before investing in bitcoin is not wrong in my opinion. Because you need to know someone who does not have an emergency fund in his life, can it be said that the person will be safe in his life. Because as I said, emergencies can come at any time and we cannot predict them. So the point is, don't speculate that an emergency will not come when you invest in bitcoin without preparing an emergency fund first.

I know that building an emergency fund may take a long time. I also agree that it will disrupt the momentum to start buying bitcoin. But I personally agree to do it first, because if you already have an emergency fund, investing in bitcoin will feel more comfortable. Because in my personal opinion, investing in bitcoin will never be too late, especially if the time span is only a few months different. Here I think realistically and it does not mean that I am saying that people who invest in bitcoin who do not have an emergency fund are completely bad. But in essence it will be less comfortable.

Because you need to know that I have been doing DCA on bitcoin continuously for several years, and you also need to know that if I did not have enough emergency funds, I would have sold some of the bitcoins I collected because of the emergency situations I have faced in the past few years. But the point is I will not force anyone to follow my assumptions, because here I only share experiences and suggestions according to my own personal experience.