Quote from: Mocha Gilmore on Today at 10:18:21 AM

Quote from: POPOLUV on Today at 08:24:31 AM

Quote from: Bd officer on September 03, 2025, 08:34:55 AM

Quote from: Fuso.hp on September 03, 2025, 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.

I agree with you if actually you are referring of having an emergency fund at hands outside your Bitcoin portfolio but if you are referring to creating an emergency fund without creating the opportunity of investing in Bitcoin first before creating an emergency fund incase of unforeseen circumstances, i will said that i disagree with you because you can't create emergency fund in Bitcoin without having an investment first, and it is very simple here that DCA strategy has make things more easier for us in building Bitcoin portfolio small small without using all your discretionary income, and what i understand when it comes to Bitcoin investments is that investment is based on individual discipline on how to plan his self so that you he can't run out of money which might lead him to pull out his investment anytime soon because urgent needs, so it is normal to have both your Bitcoin portfolio and emergency fund in mind on how to archived the both incase of anything.

Well said Sir,by the way having an emergency fund puts in place mustn't be when you have started an investment in Bitcoin. For a reminder, an emergency funds is a personal savings kept as a backup incase of any future Emergencies that may occur. My points is, it must not be when you have a bitcoin investment that you should start building an emergency funds rather it is a measure that should be put in place to serve as a strong haven against Real life Emergencies whether you're an investor in Bitcoin or not.

The difference is that we’re talking about Bitcoin investments, and that is what should be emphasizing on, there is a difference between emergency funds and reserved funds when it comes to investing into Bitcoin, you can’t use an emergency funds as a reserved funds when you’re investing into Bitcoin and you’re meant to outline your strategy that would sustain your Bitcoin investment depending on knowing that we have both differently, and you don’t immediately start having an emergency fund or reserved funds as soon as you start your investment, but if you think you have that much resources or money to start keeping and emergency funds and reserves funds then it’s your personal decision, and you could also try accumulating more bitcoin first if you have that much discretionary income, then when you’re 3 months into your bitcoin investment then you can now start thinking of having a emergency and reserved account.

In some cases I know there are people who have that saving culture of having an emergency fund earlier before starting an investment in bitcoin and that isn’t also bad because it’s quite a good idea, sometimes you might consider having this thing in your day to day life, and probably when you start investing it would then be a bonus.