Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Justbillywitt
on 01/10/2025, 15:27:35 UTC
⭐ Merited by JayJuanGee (1)
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Speaking of emergency funds, what's the best way to make sure I don't spend my Bitcoin prematurely?

​My idea is to diversify my savings. I shouldn't invest all my money into Bitcoin. I can put some funds into other profitable investments that aren't as strictly a "hold" as BTC. If I use this strategy, I might not need a dedicated emergency fund because I'll have other readily available assets. This means I can use these other funds instead of touching my Bitcoin.
Nothing beats having cash stacked up as emergency funds. I don't really care how you are trying to sugar coat this your assets diversification for emergencies, what if those readily available assets you are speaking of are not in a condition to generate money when the emergency need struck? Please don't make this mistake. You can have other assets as you like,  but please for the security of your investment, keep cash reserve specially dedicated as emergency funds.