Re: Buy the DIP, and HODL!

You are absolutely right that it is important to have an emergency fund so that we do not have to sell Bitcoin at a difficult moment and of course we must have an emergency fund before investing. There are most new investors who enter the investment but do not make their financial plan and emergency fund before entering.

Yes having an emergency fund is important when investing in Bitcoin but it's not a must to have it first before getting started into accumulating Bitcoin, what is most important at first is having your discretionary income this is what you use in accumulating Bitcoin then on the process you can think of setting your emergency fund gradually by then you have already been accumulating Bitcoin with your discretionary income either using the DCA strategy and HODL.

I agree with you, it is definitely worthless to think of an emergency fund before investing. One should start investing first and then build an emergency fund to regularize that investment. If one does not start investing to build an emergency fund, then that emergency fund has no value. If an investor follows DCA and at the same time builds an emergency fund for 3-4 months, then at the same time his emergency fund will be built along with his investment. As a result, on the one hand, he can increase the amount deposited by DCA of Bitcoin and on the other hand, he will also build an emergency fund.

when you invest early definitely it has benefits, especially with strategies like DCA where consistency matters i think having at least a small emergency fund it is very important, even just 1 or 2 months of expenses you can create a safety net so that you will not be forced to pull out your investment early if unexpected happens. building both side by side it will be of good help, than depending on someone's financial situation.

Keeping an emergency fund is very important for investing in Bitcoin. Bitcoin is a matter of long-term investment. If you do not invest for a long time, you will never get the expected profit. Sometimes there is a high possibility of loss. And if you invest for a long time by following regular DCA, then you definitely need a backup fund. Because many times many types of financial problems come in people's lives. Then if you cannot solve that problem and if you need a lot of money, you can sell Bitcoin to solve that problem. And if the price of Bitcoin is relatively low at that time, then you will ultimately lose. So when you start investing with discretionary income, if you form an emergency fund along with the investment, you will be able to solve such financial problems in the future without selling Bitcoin.

You’re quite right, having a strategy to enable you to make investment in Bitcoin are very important, especially when you’re starting to invest it’s important to also try and be looking at your financial position and having a discretionary income after paying for normal expenses, just like you’ve said we can’t dispute the fact that Bitcoin should be a long term investment, that is why we should always make haste to accumulate and also having to sustainable investment that could benefit our investment and keep our investment safe from any future risk involved which is emergency funds and reserved funds this are just simple factors that can be able to sustain our investment in a long term, because we are not just investing for today, rather we are also making our investment for future. At some point we would definitely want to boost our finances and also try to manage our investments and increase our weekly and daily discretionary income to buy more Bitcoin into our portfolio.