People form emergency funds when they see that a bad situation will arise. Because in the present time, people do not want to expose their investments to any danger, so they give the most importance to prudent income and emergency funds and follow the DCA method every week. As a result of regular Bitcoin purchases, they are ready to earn more financially so that they can make more money with Bitcoin investments. An investor never neglects his investment, because Bitcoin investment is long-term, so it is most important to form an emergency fund to manage it.
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.
One of the best way to protect your Bitcoin from not spending it prematurely is by prioritizing your basic needs over your Bitcoin investment and by only investing when there is a discretionary income meaning that you are not using the money that is meant to take care of your essential needs to buy Bitcoin then also consider having an emergency funds for unexpected expenses.
No one is ever advised to put all their money in Bitcoin instead you are to invest from your discretionary income.
I am waiting to see the kind of liquidity investment you want to consider putting your emergency funds, but my question is is it not going to compromise the reason for emergency funds when it comes to accessibility for it to be used as when needed?
Part of the reason that I frequently suggest that guys figure out ways to be able to buy bitcoin every week is so that they can be actively engaged with buying, including if there might be dips.. so yeah, overall it seems a good idea to just focus on regular buying rather than getting too worked up about trying to figure out when dips might or might not happen.
That is true, I think one of the most efficient way of buying bitcoin should be on a weekly basis, which is why I try every possible means to figure out my cashflow and try to adjust to my weekly expenses and to ensure that I’m able to buy and and maintain my consistency of buying on a weekly basis, and also I think focusing on regular buying of bitcoin is just more efficient instead of waiting for an unprecedented dip that would make us mix out on opportunities.
As a low coiner or a pleb, who desperately wants to stack enough bitcoin I would like a situation were I have to buy bitcoin on a weekly basis, and it will be good for my fellow plebs to do as such, and also try to figure out how to buy bitcoin on a weekly basis if the opportunity is available.
Most important thing is that you are buying Bitcoin, consistently and persistently and it doesn't necessarily matter when you are buying it, it can be weekly or monthly and according to your income flow, just keep buying that is what matters in my own opinion.