Quote from: Wind_FURY on Today at 10:20:06 AM

Quote from: SPIDERMAN008 on October 01, 2025, 05:45:24 PM

Quote from: ColdLava40 on October 01, 2025, 10:47:02 AM

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.

Any type of investment is risky. You said that if you invest in another sector without keeping an emergency fund and in an emergency situation you will solve the problem by taking money from there, you will not have to sell Bitcoin. But I think that no matter what type of investment you make, you should always keep a back-up fund. Now you have decided to invest in Bitcoin for many years. But without keeping an emergency fund, you invested in another sector with that. But the problem will be if the sector you have invested in starts to lose for some reason and at the same time you need a lot of money for some urgent need, then you will not be able to take money from your alternative investment because it has already lost. And since you have no back-up fund, you will be forced to sell Bitcoin. And if at that time the price of Bitcoin has fallen and stopped, you will face a lot of losses. Therefore, it is very important to establish an emergency fund and reserve fund in Bitcoin investment.

Personally, you should keep enough money that could pay your bills/monthly expenses, then the rest you invest and HODL in Bitcoin without stress.

But IF the price DIPs under or near the 200-Weekly SMA, and IF you don't have any responsibilities except to look out for yourself, THEN you probably should buy Bitcoin with 90% of what's in your savings account.

For sure as a pleb we should always make plans to have discretionary income available for buying more bitcoin, and also plan for our emergency fund and reserved funds with that priority of sustaining our investment, the plans is always to buy more bitcoin and accumulate more stack up more bitcoin into our portfolio, but I would prefer a situation where I will have to buy more bitcoin regularly consistently on a weekly basis instead of having that mindset of setting some funds aside with the intention of buying the dip, and why would I want to save my discretionary funds all in the name of buying a dip in the near future, I think this would be best for people who have different cashflow and can have different options of buying bitcoin with more discretionary income, but like you always refers to plebes like us, I’m wondering if that is sustainable.