Quote from: Bd officer on Today at 08:34:55 AM

Quote from: Fuso.hp on Today at 03:22:58 AM

Now coming to why you should form an emergency fund and what is its use, basically so that your investment is not irregular, that is why many investors form an emergency fund. The use of an emergency fund is when you have a financial crisis, but your investment may be irregular, so that an investor's Bitcoin investment is not irregular during a financial crisis, that is why those investors form an emergency fund with their own extra money and use it later.

Once an emergency fund is used, when the financial situation of the person is normal, then the amount of money that he took from the emergency fund and invested in Bitcoin can be added back to the emergency fund. This way, every investor will not have the possibility of irregular investment. Since I have used an emergency fund, I know that this is a really effective strategy for investing in Bitcoin consistently.

In fact, even if you don't invest in Bitcoin, it's important to create an emergency fund. Emergency funds are created for urgent needs, you may get sick at any moment and you will need money if you are sick, so if you have emergency funds it will not affect your investment. Maybe some investors reserve emergency funds to maintain regular investments, but it seems most investors reserve emergency funds for urgent needs. I personally reserve emergency funds for urgent needs, I do not reserve emergency funds to maintain continuity in investment. I will never buy bitcoins using emergency funds, because investing consistently in bitcoins is not mandatory.

Its a financial foundation that can save us on future troubles. People should not think that they need it if they only invest on Bitcoin only since that funds could save them up on any emergency cases even if they are not investing on Bitcoin.

What good thing about this situation out here is we learn the importance of having this funds. That's why its good to learn Bitcoin since aside that we could earn from it on future, it teach us those discipline that we need so that we can possibly live a comfortable life in future. We should never use that funds for investment since as the name emergency it should be use for that situations.