Quote from: Kagaru on September 01, 2025, 10:59:08 AM

Quote from: Ricardo11 on September 01, 2025, 10:16:48 AM

Quote from: Publictalk792 on September 01, 2025, 09:48:30 AM

Quote from: Tamaperdana on September 01, 2025, 08:28:37 AM

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I agree that having safety net like reserve fund and steady income is important for investing in Bitcoin. But you can invest without them it brings much of stress and risk. As you said worrying about covering unexpected bills can force you to sell your Bitcoin at bad time which can cause you to lose money. Having strong financial base allows you to invest with confidence handle market ups and downs without panicking and stick to successful long term plan. Your advice is great it is important to build financial security first.

It's not enough to just invest in Bitcoin, but you have to effectively hold your investment for the long term, and it's important to take all the necessary measures for this.
You must create financial stability, you must continue to invest in Bitcoin consistently by keeping a stable source of income.
And later, you must have funds to sustain your investment for the long term, when you face an emergency or unexpected expense, you must have this preparation and mindset so that you can handle the situation without getting into any problems.
However, in preparing emergency funds, you do not need to prepare emergency funds before investing, because this may delay your investment, which is never the right thing to do.
Invest first, then ensure the long-term security of your investment by preparing funds as soon as possible, and keep the investment consistent, then it will give you a better chance of success.

I think it actually depends on individual case and risk level. Investing in Bitcoin with no reserve fund can easily get one into a panic situation when an emergency arises and only has no alternative but to sell off his Bitcoin at an inconvenient moment where most times it will be a loss. That is why in my case it makes more sense to create a certain financial cushion first, although it may be worthwhile to put off the beginning of investment somewhat. Having that safety net provides the benefits of holding in Bitcoin through volatility without fear in the long run. It is important to be consistent with buying but when your personal finances are not stable it is extremely difficult to be consistent. By developing a solid foundation, then you will be able to invest with confidence, as you are following your long term plan and not making any emotional decisions when the market moves. Ultimately there must be stability and consistency but I think that the stability must always come first in order to make the investment journey count.

Yes, financial stability is crucial when investing in Bitcoin. Long-term investment in Bitcoin requires thorough preparation to ensure smooth operation. Then there's the matter of preparing an emergency fund when investing in Bitcoin. I think everyone has a different perspective on this. Some argue that a reserve fund can be built up once the Bitcoin investment is already underway. I personally agree with this, as there's no harm in doing so. The most important thing is to ensure that we can manage our Bitcoin investment while simultaneously building a reserve fund.

If, for example, we're investing in Bitcoin while building an emergency fund and find it quite difficult, I think that's not a good idea. So, what if we build an emergency fund before starting to invest in Bitcoin? I think that's possible. While it's true that doing this might miss out on a lot of momentum, perhaps when we start investing in Bitcoin, we'll be much more comfortable with an emergency fund. So, I think it all depends on each person's circumstances and readiness. Because basically both methods are equally good and have their respective advantages.