Investing with your emergency fund is not a total bad idea at all because after you have might paid all your bills and the money remaining becomes your discretionary income and inside that your discretionary income you can still generate out your emergency fund and started investing in the last 6 months and think you to invest using your emergency fund so that it multiple more income since you are not using it at the main time, you can invest with the emergency fund and tage it emergency fund which means it can be pull out if incase of unforeseen circumstances that might happen, so the reason why we should invest emergency fund is to back your really investment incase of anything, so you can decide on what to do with your emergency fund as per dividual convenient or best know to you, if actually you needed your emergency to in cash but left with me, i will say that once you progress with your Bitcoin portfolio that there are always a need to invest to have emergency fund.
So why have an emergency fund in the first place if you are just going to invest in at the end of the day, true enough the emergency fund is usually gotten from the discretionary income same as your investment but you need to understand that this is done for a reason, if the emergency was good to invest with the weather wouldn't be wasting time saving the money for emergencies when we can just throw everything into building up our bitcoin investment, at the end of the day if you have saved up for 4 months worth of emergency fund and then you decide to invest then wouldn't it have been better (profit making- wise) to just pour everything into investment right from the start rather than wasting all that time calling it an emergency fund only to start DCAing it now or even using it to buy the DIP.
Then about the bold part, you will pull out your emergency fund from your investment if you run into an unforeseen circumstance??? That again begs the question of why invest in the first place with your emergency fund? Let's think about your plan for moment, you put in you emergency fund into bitcoin investment, the price DIPs to about 20% and then comes up an unforeseen circumstance which then leads you to pull out your emergency fund which really means selling you bitcoin in order to get your emergency fund back, you would have sold at a loss of 20%, that's alot especially since the whole senerio could have been avoided if you had actually treated your emergency fund like an emergency fund.
Considering the way dollar 💰💰 rate is increasing, i think someone needs to monitor the market closely, today it's increasing tomorrow it's reducing.
First off, we are not discussing about the rise and fall of the dollar rate, this is a bitcoin thread so it would be better to stick to bitcoin and only reference the dollar when necessary the same way a shitcoin should only be referenced when necessary so as to avoid confusion on what's actually being talked about. If you are a trader then you have to monitor the market closely since your profit or loss depends on it, I think (because I'm not really sure how it works with trading) but for investing, monitoring the market is a bother that should be avoided because you probably only monitor to market to look for a good time to enter and as far as bitcoin investment is concerned every time is a good time to enter.
I think the best thing to do know is to buy with enough capital and also it's important to know the DCA before buying
Buy with enough capital like Lump sum purchase or??? I'm not sure I understand your point here, it's all too confusing and then knowing the DCA before buying still sounds like you are talking about knowing the market.