Quote from: el kaka22 on Today at 03:30:23 AM

I still disagree, people who can control their finances, do not need emergency fund as extra buffer zone. If you know what you are doing, then you should be able to save what you do not need. "Emergency" is just not calculating it very well. I believe we do not need another fund, just put it on bitcoin and if you ever need it then if it's under, then it should be in USDT, if it's over then you are profiting.

There is no need for it, so a good investor won't make a loss and you wouldn't need anything else. I understand people may not agree with me, I have seen them not agree with me, and it has been pages, but I just do not see the benefit of it. The only claim so far has been "what if something unexpected happens", well that is what investment is for.

If I try to understand your point of view, some questions would pop up: Do you know what the next moment holds? How would you decide taking such level of risks with your bitcoin stash. Let's take a look at when bitcoin was at the $109k ATH and corrected at $74k. Any fund which could handle a particular emergency situation at the period would not be able handle same situation when it dipped to $74k. This is a more recent occurrence and bitcoin volatility doesn't allow anyone to know the next move neither does emergency situation announce it's date. Sometimes we are too sure to allow nature play its role. If emergency funds are not provided for, you end up selling larger part of your bitcoin to solve a problem that could have been solved with something less. A person can be optimistic and very assuming but even the smallest of unforeseen circumstances can be very difficult to handle when you don't have a reserved emergency funds.

The only challenge I find with this your assumption is that I can't find your strategy for any emergency situation. If you can relate how you can handle an unplanned situation that needs urgent attention, then maybe we all can buy the idea. Or are you okay with running a loss which even after the loss may not be enough to handle same situation that some emergency funds could have handled with less stress?

Quote from: JayJuanGee on Today at 06:38:12 AM

Of course, you can do whatever you like, even dumb, risky and irresponsible shit... and sure, if you have a variety of resources and even access to debt you might not need any emergency fund... .. but almost anyone who knows what the fuck they are doing is going to have some kind of a cash cushion in case he makes a mistake or for some reason expenses are greater than income for a month or two. .

Yeah sure, I feel this is the bottom line. Everyone can choose what to do with their funds but what also intrigues me is that when emergency situation happens, it somehow affects even those that were not directly involved. So it won't be wrong making suggestions on the right choice even though everyone has the freedom to choose at all time. Can a person build a house without a pillar?? Unlikely! But if someone has a solution to that, then let him face it.

Quote from: JayJuanGee on Today at 06:38:12 AM

Sure there are some folks who have 2 or 3 jobs and they are very talented and liked so if they lose one job they have another job, but if they accidentally get hit by a bus or the roof of their house falls in or they get into some other accident, and if they do not have anything except their bitcoin and they cannot earn any money because they are recovering.. then they end up selling way more of their bitcoin than they needed to sell at a time that is not of their own choosing.

The amount of money that you have as a back up might vary, and if you have complicated income/expenses, like businesses and family obligations then you need more back up funds to cover a variety of cashflow issues that could come up and are likely to come up especially for folks who might already have erratic income and/or expenses.

Having many streams of income is even better because it allows you gather more emergency funds to cushion your bitcoin stash. Bitcoin accumulation should not be met with extreme greed by investing every of your income while either pursuing an accumulation target or over accumulation. You can not be too focused on your accumulation target and focus its safety and human life. Would you not want to attend to important situations just because you are investing in bitcoin? Life has some basic responsibilities of which attending to emergency situation is one of them.

To an extent, anyone who cannot be disciplined to maintain an emergency funds has likelihood of not attending to his basic responsibilities too because he sees spending money elsewhere as a waste of time and overlooks everything believing that whenever he sales off his bitcoin he can pay for every of the missed responsibilities. But life does not happen the way we choose, there are some things that needs to be done as at when due after which may not be possible.

Somehow, I may tend to understand that bitcoin gamblers exist and they claim to be higher risk takers. They may not be willing to keep any money aside because they believe that the more amount you gamble, the higher chances of making it bigger.