Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
philipma1957
on 02/10/2025, 21:12:48 UTC
I think that I agree with you for your statement because when I look at what Popoluv said in his first paragraph that investing with emergency fund is not a total bad idea I was getting confused because it was contradictory to what I've been reading from other comments here in this thread while I was trying to learn how to invest as a newbie. yes, you're right and I agree with you that emergency funds should not be used for investing because we will need it for an emergency situation which might be life threatening and by that time when its no longer accessible or available to us we will start to sell our Bitcoin investment to be able to raise money to settle our emergency problem which is not healthy for our growth in Bitcoin investment.

it might not actually sound bad to you but the truth is, the reason for the emergency fund is to take care of emergency situations and not as a spare cash for investment. if you should invest then it must come from your discretionary income. i know sometimes we talk about building emergency fund alonside your bitcoin investment, and if there is any need to invest more probably because of a dip situation, you could skip the emergency fund for that month or week provided you have already achieved at least an emergency fund that could cover a month expenses. it wouldn't be wise to invest with your emergency fund, the least you can do is to borrrow elsewhere provided you are guaranteed of paying back without involving your bitcoin investment. just like saylor who sometimes borrow to invest, it doesn't neccesary mean he has exhuasted all his finance, it was just a clever strategy to ensure every thing keeps runing smoothly. again, it doesn't just end with emergency fund both money ment for other needs shouldn't be converted or used to invest in bitcoin.

cash and/or  a job income that covers all expenses plus more is really important to investing.

and spending all your resources is not correct. because shit happens.