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.
i can only imagine how tough it must have been for you financially to decide to sell your Bitcoin, the decision to sell or not to sell your Bitcoin is up to you. we can only offer you the best guidance to ensure that your Bitcoin investments grow smoothly. Adopt discipline to avoid selling your Bitcoin early, whether due to market movements or emergencies, that's why it's important to set aside emergency funds and secure a stable source of income before beginning your Bitcoin investment to prevent selling your bitcoin. For potential growth and returns, consider holding your Bitcoin for long-term, and always store it safe to protect your investment.
Absolutely right about having an emergency funds. Emergency funds will always serve as a guard against selling of Bitcoin when emergencies arise. Also it’s possible that with discipline , one can invest in Bitcoin without a stable source of income, but it requires an attentive planning. So the key is having a discretionary income which will you help you invest using DCA method, also having an emergency income to avoid selling when emergencies arise. So prioritizing both is essential for a smother and sustainable investing .
Bitcoin is a highly volatile asset. Therefore, proper prioritization and management of emergency funds, reserve funds, investments, and holdings is very important so that there is no sudden income shortfall or undisclosed expenses. Unexpected situations such as: sudden temporary closure of a long-standing source of income, medical treatment, simultaneous car and house damage, depletion of reserve funds due to the fall in the price of BTC - all these can create a cash flow crisis. Therefore, it is not only important to have an emergency fund, but also to have a plan for prioritizing floating cash, contingent expenses, and back-up funds.