Quote from: Silikiem on Today at 11:28:57 AM

Quote from: Y3shot on Today at 09:27:51 AM

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

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.

I don't agree with you. If we focus more on how to make the emergency fund to be more than the investment it means you underate the outcome of an investment. One thing you need to know is that you can't solve all your problems even if you have all the money in this life. Emergency fund is very vital for every investors and you can't really tell when you will be in a problem that requires quick solution. Take your investment very serious and also have some money for emergency, atleast it can help one to have some relief when money is need to settle some challenge.

For your bitcoin investment, you need just your discretionary income to be able to invest with and accumulate bitcoin, this discretionary income being talked about is the money left with you after you might have sort out your other financial obligations or responsibilities. It doesn’t matter the amount, whatever that is left with you is enough to be put into your investment either to start up or to sustain your ongoing bitcoin investment. As for your emergency funds, it is advisable that it should be able to cover at least a minimum of 3 months of your living expenses, It should be able to contain enough money to keep you going during a period of financial needs.

Financial stability is of course very important for a successful long-term investment, especially you need to invest money that you can hold for a long time without any problems or obstacles, and I strongly agree that discretionary income is the most effective for this, sustaining an investment for the long term, It's as easy as you think, but in reality it is much more difficult, so it is important to prepare all kinds of protections in advance to keep the investment long-term.

actually, for long-term success, more important than the amount of investment, is maintaining it for the long term, which is the biggest challenge and at this stage many investors, who have not prepared long-term financial protection from the beginning, they ultimately fail, so the issue of protection should never be ignored, because unexpected situations happen in everyone's life and it comes at any time, so it is the wisest thing to prepare for it in advance.

Keep small investments in a consistent manner, then it will grow into a large amount in the long run, but you must manage it responsibly and consistently for at least 4 years or more than 10 years, then your chances of success will be much higher.
Look, Bitcoin investment does not actually guarantee us success, but if it is managed correctly, the chances of success are much higher, so if you can maintain it for a long time, by managing all kinds of obstacles, then it can bring good things.