Quote from: Gost ms on Today at 07:26:13 AM

Quote from: kanftka on Today at 06:59:50 AM

Quote from: Hewlet on August 11, 2025, 05:57:30 AM

Quote from: yixichloro2xx on August 11, 2025, 01:28:50 AM

A balanced approach is buy small amounts of Bitcoin early, build the fund in parallel, and never dip into it for investments... that keeps you both protected and invested.

most of the investors that sells when they are in tight situations likely went in too aggressively hoping for fast returns without setting up good systems on ground and when an emergency comes up, they discover that the only place to fall back to is to offset part of their asset as a means of solving those needs. as long as life is concerned, emergency must always come, the only thing that shields us at such time is when we have made adiquate provision for it.

Yeah, I think that is one of the silent killers of a lot of people’s Bitcoin journey, going in too heavy without thinking about life outside the investment… The truth is, if you throw in more than you can afford to leave untouched for years, you have basically set yourself up for a panic sell the moment life punches you in the gut. And life does not give you a calendar invite before it happens hahaha…. Grin

The thing is, Bitcoin is not some get in now, cash out next month type of play… It works best when you can sit through several cycles without touching it… But when someone has no buffer, no emergency savings, and they have overextended, they are almost guaranteed to pull the plug early, often at the worst possible price…. That is why I have always believed it is good to be intentional about balancing your financial foundation in as much as you are going hard on stacking bitcoin…

It’s not even about being overly conservative, it is about giving your investment the space and time to grow without the pressure of having to liquidate it just to keep up with real life demands… The irony is, the same patience and discipline that builds a solid Bitcoin position are the same traits that keep you from destroying it when things get rough…

Quote from: Barikui1 on August 11, 2025, 07:41:45 AM

Quote from: Pi-network314159 on August 11, 2025, 02:05:57 AM

Anyway what I was talking about was not only emphasizing on the emergency fund but how emergency fund is gotten from, according to pjcr7 he was talking about emergency fund to be a fund that will be kept when we have surplus money and this surplus money is coming from our source of income, and now my explanation is not only talking about emergency fund but talking about us not needing to have a specific amount amount that will be surplus before keeping emergency fund. When I am talking about not being specific, I am not talking about emergency fund not being specific but not needing to have a particular amount or source of income before setting aside emergency. Aside that even if I decided to say that emergency fund is not specific I may not be wrong neither because apart from knowing that emergency fund is meant for emergency, does it have specific circumstances? No. No one knows the type of emergency that will happen and what it will look like, meaning it has no specific, it is a fund kept for the unknown or for an unforseen circumstances which is likely not specific. So I dont have problem about you disagreeing with me or not, since everyone opinion is welcome including the ones that are not relevant.

Most Bitcoin Investors don't know how important emergency funds is to the survival of their holdings, they thought that their investment can survive without it, not knowing that not having it in place when calamity struck, can makes your Bitcoin holdings be used as a sacrificial lamb because you fail to do the needful.

You kw, I will strongly advise that as a Bitcoin investor, especially the on who has the leverage of building emergency funds, jumping in thinking their BTC stacking alone will carry you through everything is unwise, bcus that is just not how real life works. Emergencies don’t care about your investment plans, bills pile up, unexpected expenses and alll.. and if you haven’t set aside a proper emergency fund, you will almost be forced to sell your Bitcoin at the worst possible time…

So many people get wrecked because they did not build that safety net first… It is like trying to swim without a life jacket, eventually, the waves get too rough. Having an emergency fund isn’t about being weak or scared, it is about protecting your future self and your long term goals. When you have that buffer, you can hold your Bitcoin without constantly worrying about what if, and that is when the real thing of holding starts to show….

Honestly, if you want to play the long game with Bitcoin, you gotta have your financial house in order, it is important.. Otherwise, no matter how strong your conviction is, life will find a way to test it, and you don’t want to fail that test just because you didn’t prepare….

Your comment seems to suggest that we need to build an emergency fund before we start investing. Waiting to build an emergency fund before starting investing is not the right decision.

As you said, it is like trying to swim without a life jacket, basically we put on a life jacket before we get into the water. But if we use this in the case of investing, it will not be right at all. If we wait to build an emergency fund before investing, it will not be the right approach at all. You can build an emergency fund along with investing. This will keep your investments running and your emergency fund will be built. For example, you can build an emergency fund with 50% of the amount you are willing to invest and invest with 50%. In this way, you will not miss out on buying opportunities and you will be much ahead of your portfolio goals. It will be good to build an emergency fund along with investing.

It is very important for an investor to save money in his emergency fund. Because he may need it at any time or he may use it for some special purpose so that he does not have to sell his Bitcoin. Just as you gave the example, someone who cannot swim in water needs a life jacket so that he can float easily on the water and it acts as a support for him, similarly it is a wise thing for an investor to save money in his emergency fund to get support in times of emergency.

Yes it is true that you should not wait to invest in your emergency fund, because until he has some amount of money in his emergency fund, his investment may be stopped. So this is an easy way that he needs to save money in his emergency fund as soon as he continues to invest. Generally speaking, if his monthly income is $500, he can save $200 from there in his emergency fund and the remaining $200 he can buy Bitcoin and with the remaining $100 he can spend on his family needs or his own desires. It's a good idea to keep his investments running and to be able to deposit money into his fund.