Quote from: Derekfunds on Today at 07:42:43 AM

Quote from: PremiumcryptoHub on Today at 06:50:30 AM

Quote from: Cipherpz on Today at 04:37:08 AM

If the investment has to be broken down to meet daily expenses or family needs, then that investment fails. Then it acts as a temporary savings — which is more risky. Emergency fund is really very important for every individual or organization. It is a financial asset that helps the investment survive. When an unexpected expense comes to us, if there is no emergency fund, people are forced to sell their investments. Unfortunately, almost all such sales are at a low price — which is destructive for long-term plans. We should create an emergency fund equal to at least 3 to 6 months of expenses. Investment is successful only when it is well-organized and planned.

If you have to break up investments to meet daily expenses or family needs, that is completely wrong. There are many who struggle to meet their family's expenses while investing, I would like to tell them to protect their family first and then save for the future by accumulating what you are investing. Even then, it is an example of a very good person to monitor whether they have implemented a proper plan for managing their financial flow and emergency fund before investing, Savings even need to be automated so that manually saving our money doesn't become a nuisance. Bitcoin investment may not be a game because we need to master all the ways to increase it gradually after starting it and at the same time maintain the specificity of the investment.

I totally agree with you, some people has forgotten what to prioritize first because some of them want to compete with someone that is already doing well and taking care of there family and other needs. Family and needs can not be compared with investment no matter anything, but it make more sense investing and taking care of family and needs but I disagree on this part you said one have to master all the ways of Bitcoin investment to increase gradually. One doesn't have to master all the ways of Bitcoin investment before they can increase, you just need the basic knowledge and then use it properly.

Along with investment, a person should have proper financial management. There are many investors who cannot continue investing due to financial crisis after a few days of starting the investment. Having proper financial management is very important to keep all these aspects in order.

An investor needs to reduce all the extra expenses. Because if you can reduce these extra expenses, then you will have that amount of money and if you want, you can invest with that amount of money. While investing, it is never right to compare with anyone, always focus on what you have and continue investing with the amount of money you can invest. If your friend invests more money than you, if you see your friend and invest more money, it will never be the right decision. You should invest depending on your financial situation.