Post
Topic
Board Politics and society (Naija)
Merits 2 from 1 user
Re: Balancing Financial security and Bitcoin Accumulation
by
Showlove01
on 13/09/2025, 21:38:29 UTC
⭐ Merited by CryptopreneurBrainboss (2)
In some cases where you have exhausted your discretionary income for bitcoin investment it's not bad if an investor uses little of his emergency fund to purchase bitcoin and still make a replacement back to your emergency fund when things are alright but emergency fund shouldn't serve the purpose of discretionary income using your emergency in a one time purchase of bitcoin doesn't give you a bad method to invest in bitcoin.
It may not always be convenient for an investor to use the emergency fund to buy Bitcoin and then try to make it up again later. When an investor repeatedly uses the money from this fund, he may fail to provide the money from that fund at any time. So, it is better to keep the money from the emergency fund without using it. Yes, in some cases, if there is need. For example, if the price of Bitcoin has suddenly dropped so much, then the emergency fund can be used if there is an opportunity to buy at that time. However, it must be remembered to replenish the money to the emergency fund as soon as possible. If it takes a long time to provide the money from the fund, then it is better not to use that money.

That is misplacement and it is a very wrong thing to do whenever we are investing in Bitcoin in fact not only Bitcoin even some Investment outside Bitcoin, we should always do the right thing at the right time and we should always use what is required and what is needed and not the other way round and trying this, is a careless act and any investor that tries it will suffer darely because that is am improper thing to do as an Investor. Our discretionary should be kept available for accumulation and not our emergency funds because our emergency funds is categorically use and meant to solve emergency problem when they come up.