Before diving into Bitcoin, I always set aside some money for an emergency fund, and it's been incredibly helpful and effective when I really need it. We never know what the future holds, when we might run out of money, and having an emergency fund can help us overcome any financial challenges we face.
And after diving into Bitcoin, my long-standing emergency fund plays a crucial role in my investments. I immediately set aside money for my emergency fund after prioritizing Bitcoin purchases upon receiving my paycheck and also prioritizing my basic needs. I always do both simultaneously, but the percentage allocated to my emergency fund is smaller than it is to Bitcoin. Everyone has their own strategy for how long or how many months it takes to build an emergency fund, and for me personally, as long as I can achieve both without sacrificing other needs, I think that's much better. I also plan to use my emergency fund for my child's needs, as he will start school in about a year, and I can use my emergency fund for future needs and beyond as much as possible without having to use Bitcoin prematurely.
While that is nice, don't you feel sad when you see bitcoin going up. Also I am always shocked to see that people have enough money to live, plus save aside for crypto investment, plus put aside some for emergency fund.
Right now, I can't buy bitcoin nor save aside at all, because I have huge amount of debt. Me and my wife started a business, and I work every single day, and we make very little money for the time, mainly because of the debt of starting the business. The good news is, even after just three months (not even fully three months yet) if we had zero debt, we could survive easily with the money we make. But because it took a ton of loans to open it up, I can't save even a dollar aside. I literally have 10 cents in my bank account lol.
Sometimes with debt there can be options regarding minimum payments and/or how long to take to pay it off, and surely since you have been registered on the forum for as long as me, you have had 11 years to figure out bitcoin and to figure out how to potentially prioritize bitcoin in your life.
Sometimes with investing into businesses, there can be ways to increase your income beyond what you might be able to earn in the long-run even though in the short-run there might be some building of the business. Another thing is that you seem to have had chosen to enter into the business (or at least the loan?) only 3 months ago, so sure some of what you are describing is merely a temporary phase for you and your wife.
I would have had thought that a person registered on the forum for more than 11 years would have had figured out bitcoin by now and maybe even would have had gotten through a lot of his BTC accumulation phase already, yet surely some folks might not recognize the value of bitcoin or they might not be in a situation in which they consider bitcoin investing to be a good thing for their actual circumstances.
Edit: Oh.. now.. I just looked at your forum profile, and it appears that you may have bought this account in late 2016 (perhaps October/November), yet still even getting involved in bitcoin in late 2016 could have still been good enough to get you with a decent bitcoin stash by now, yet you seemed to have had been spending your time and energies y so perhaps your timeline on the forum in the gambling sections, the shitcoin sections and the trading sections, so it can be difficult to focus on bitcoin if you don't know what the fuck bitcoin is and you are distracted by those tangential waste-of-time topics.