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Yes, emergency funds is very necessary for the sustainability of your Bitcoin investment, but a stable source of income as you said is not necessary because their are guys that has a stable source of income but still can't figure out their discretionary income, what a newbie investor need in other to invest smoothly is a discretionary income, money left after all his or her basic needs has been met, bit in the case of cold_joker, he fails to have an emergency funds in place that was why he sold off his Bitcoin holdings so as to pay the hospital bills of his friend, but if he had an emergency funds in place, he wouldn't have sold off his holdings in times like that.

Not necessarily that he never had an emergency funds, there are situations you find yourself that only your emergency funds can't solve, he must have had, there might be that he must have spent the emergency fund on the same health issues and yet the persons health is not improving because they have not being able to get the required fund needed for the treatment, instead of allowing the person to die who is very dear to you, and you have some bitcoin that will save the persons life which you are very sure that the person will survive, is it not better to save that your family member life than allowing the person to die? and regret it, then of what value or worth are we now investing in bitcoin to meet our needs and be comfortable in life, if we cannot use it when needed.

According to what you said in the highlighted statement, it shows that you are just speculating and you aren't sure if he has an emergency funds or not, secondly, this is one of the reasons sir jayjuangee always emphasize that our emergency funds should be big enough to sustain us for the minimum of 3 months, because I am quite positive that if he has such an emergency funds in place, he wouldn't have sold off his Bitcoin.

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Remember we are investing in bitcoin to save us from future lacks and be able to take care of our family needs, so if selling your bitcoin to save a life, then it worth it, at least you should be happy saving a life with bitcoin because bitcoin has also saved you from financial stress and otherwise.

Their are two things we that makes us invest in Bitcoin, first is to secure our future financially, second is to protect our money against inflation, he got into this terrible situation because he never planned for days like this, and the purpose of having an emergency and reserve funds is for days like that, and I bet you, if he had planned for days like that by having an emergency and reserve funds in place, he wouldn't have tempered with his holdings talkless of selling everything off.

Frequently, I suggest that 3 months minimum is the target Emergency funds level that we should strive to reach, even though I also suggest that it could take some guys quite a bit of time to reach such 3 month target levels (maybe a year or two), especially when he is first building up his bitcoin investment.. so in those circumstances, he might be building up his bitcoin investment and his emergency funds at the same time.... and then once each of them has reached 3 months of expenses, then perhaps at that time such guys might start to invest into our bitcoin more aggressively, even though surely some guys might also want to continue to build their back up funds beyond 3 months, which would be reserve funds and have more flexibility in how reserve funds are used... So there are ideal standards and there may well be things that guys might choose to do in regards to both how much back up funds that they keep at any particular time. which their own income and expense circumstances can justify how they keep their various back up funds and for what purposes they might designate the tapping into such back up funds and/or the building back up of such back up funds after they have been tapped into.

Emergency funds! Aren't this fund coming out of surplus? Firstly, it's when someone has funds in surplus that he can think of having an emergency funds.

if you only think of emergency fund as fund that is set aside when there is surplus income then you might be getting it all wrong. well emergency fund is a fund set aside from any source of income weather weekly, monthly or annually. this fund does not have specifics, but you can set aside the little you can, from that source of income, and that can be considered as emergency fund. the most important thing i wan you to understand is that no amount is too small or too big not to set aside for emergency. if we Everly want our source of income to be surplus as you said then am afraid we might not even invest or set out our emergency because human want or desire are insatiable. you might want to have an income of $500 weekly to invest or $1000 and then you might still procrastinate again desiring to earn $2k monthly thereby you becomes a procrastinator and not an investor including a no coiner.

I don't think you are well presented in your explanation about an emergency fund, anyways when we are talking about emergency funds, this is an amount set out for needs that might arise abruptly, that is basically what this fund is being set aside for. You said that an emergency fund does not have specifics? so why then is it called emergency fund? it is specifically for urgent needs that will come up in the future that is the reason for this fund and not for anything else. Setting aside an emergency fund doesn't mean we must be earning a huge amount, so far as you are an investor who is active in your investment, you need to remove funds from your discretionary income and keep it for emergency needs no matter how small it may be.