Quote from: Solokan on Today at 02:47:33 AM

Quote from: Ivystar5 on July 09, 2025, 09:37:12 PM

Quote from: Ojima-ojo on July 09, 2025, 08:44:34 PM

A lot of newbies in Bitcoin investment have made the mistake of buying Bitcoin when they have no emergency found or even not having a good stable income to hold Bitcoin comfortably without exchange them when they hard pressure.

I wouldn't consider it a mistake for newbies because even after buying without emergency funds set ups you can still set that up after having at least little to your portfolio while putting yourself to order, in my opinion some of this newbies that does this are opportunity grabbers which is even better than those who wait for the perfect timing which might not come, so I prefer they buy this bitcoin being imperfect and learn about things as time goes by than try to be all perfect set up all types of funds before ever getting to buy the real deal, bitcoin usually serve us opportunities like the little dips which a newbie could see and grab yet learn the who processes as time permits.

Yes, as a beginner, inevitably make minor mistakes when investing in BTC, such as forgetting about an emergency fund, which is crucial. However, a beginner's willingness to invest in BTC is certainly a plus compared to not investing at all. And, of course, over time, beginners will learn from their experiences.

It's true that an emergency fund is the most important thing to prepare before buying BTC. However, if already bought BTC, there's no harm in trying to build one emergency. Having an emergency fund will certainly give peace of mind when investing in BTC for the long term.

And, of course, in my opinion, don't need a stable income to invest in BTC. I believe delaying investing in BTC is a mistake, as its price will continue to rise. The most important thing is having money can afford to lose that's worth using to buy BTC.

Mistakes in investing in any field, including Bitcoin, will always occur, for both beginners and experienced investors. However, these mistakes can be learned and corrected to ensure a smooth investment journey.
Emergency funds should be prioritized alongside investment funds. If beginners don't yet understand the function of emergency funds, it's okay because they are focused on preparing funds for investment. As long as their Bitcoin remains intact and isn't used for urgent or other needs, it doesn't matter if they don't understand what an emergency fund is and its function. This can be done once they fully understand its benefits and can act immediately to set aside an emergency fund alongside their investment funds, rationalize everything for long-term goals that support their development, and expand their understanding and knowledge for the benefit of their own investments, so everything runs smoothly and generates substantial profits.
And of course, investing in Bitcoin doesn't require a steady income. The most important thing when someone realizes that Bitcoin can be profitable and wants to invest is to do so immediately without waiting for a steady income, as this is a waste of time and opportunity, given that Bitcoin's price will continue to rise. The most important thing is that you have income, even if it's uncertain, and that you only buy when it's available. You should still use discretionary income because basic needs and other essential requirements should remain a priority. Over time, you'll find the best way to meet these needs, whether that's getting a full-time job or something that provides a steady income, perhaps developing skills to supplement your volatile income, and so on, all to support everything, including your emergency fund.