Quote from: Derekfunds on August 06, 2025, 09:40:44 PM

Quote from: Regardme on August 06, 2025, 08:20:48 PM

Quote from: Finebone on August 06, 2025, 05:36:46 PM

Quote from: Cold_Joker on August 06, 2025, 09:30:19 AM

I won’t sell except for problems my emergency funds can’t solve because I know I am right to continue buying bitcoin. When I look at my wallet I don’t believe that I am able to hold that much I see in it. Small saving can quickly add up. Be like me and just continue with saving the small you have .

-CJay

It's unwise doubting your capabilities buddy, you can hold and accumulate a very huge chunk of Bitcoin if you have the will to do so, nothing is impossible regardless of how small your discretionary income is.

As for the aspect of selling because your emergency funds can't handle the emergency situation, that shows that you aren't planning your Bitcoin investment properly, because if you are planning properly, your emergency funds should be big enough to withstand any emergency situation thrown your way, so try to build a big emergency fund that carry your Bitcoin investment to any period of time you plan on your investment to last, stop thinking short term, because long term is the proper way to make a fortune from your bitcoin investment.

i disagree with you on the statement that you made that if emergency funds can’t handle situations, that shows he isn’t planning his Bitcoin investment properly. Let’s be realistic, hope you know that there are some unforeseen circumstances that might hit someone, even your emergency funds might not be able to handle it. Most times we may have some financial challenges with our portfolio, but that doesn’t mean a person wasn’t planning his bitcoin investment properly. However, short term selling isn’t the best practice, because of volatility which might cause one sell at a loss, especially during market dip.

It is true that sometimes challenges can surpass what is in our emergency and that is why we should make our emergency funds to be strong and big just as our portfolio. I believe a wise investor will device a means when something of this nature happens and they will handle it in such a way that it won't really show or affect there portfolio. But the truth is sometimes this kind of scenario doesn't happen just like that I mean it is always rare and before situation like this would happen a good investor ought to have set up things because as you are investing as an investor you are also calculating how to handle or approach a situation if something went wrong.

emergency funds is an appendage of your discussionary income, so in most cases it grows side by side with your investment but it doesn't grow above your investment, the only thing that makes your emergency funds strong is the number of years you've put into consistency. But Most situations that happens to human beings we don't see them coming, so situation that might surpass our emergency funds might not come ringing a bell, else we will foresee it and dodge it, but I agree with you that situations like that are rare in occurrence.