What of in rough times, I had a family friend who battled illness I had to be there for her and I used my little Bitcoin saved. I am not crying over it because I can still continue to save more the little way I do. I don't think about big profit now but continuity.
-CJay
Selling Bitcoin at the wrong time is one of the main reasons why we build our emergency funds so well. That way, whenever an investor faces any challenge, they won't have to think about selling their Bitcoin investment. Instead, they may just tap into their emergency funds, or possibly use all of it. It's better to have emergency funds in place than to sell Bitcoin at the wrong time, especially if the person is already at a loss.
There people that would have made profit so its now like there are periods that people are making profit and the same time people are losing money because you can not continue to hold because everyone wants to make profit for sure but is not going to be as easy has we think. And aside the profit emergency funds is very important because when you have emergency funds you will not have to worry about needing money. And with emergency funds you won't have to worry about touching your investment. And everyone have to plan.
I don't know the full story of how it happens that someone would sell their Bitcoin to treat a person battling illness, but as long as you're able to solve the problem after selling, it's fine. If you're serious about investing, it won't take long before you can get your Bitcoin investment back. Gradually, you'll be able to rebuild your portfolio.But what I would advise is: don't joke with your emergency funds. Always use discretionary income to invest in Bitcoin.
That life we mist expect unforeseen circumstances but before it comes there should be a plan for it, and this is why the initiative is good the idea of having emerged fund can fill in such aspect and only few people know the idea of having an emergency funds. Investment is beyond the scope of its name because it comes with a responsibility so the only way anyone can be free is for them to be prepared on how they can do better and when they start investing, they won't bother to use there investment funds from emergency.