Quote from: Tonimez on Today at 01:05:43 PM

I'm beginning to read a lot of posts now trying to belittle the importance of emergency funds and most of those posters try to justify their personal reasons for encouraging investors to undermine the importance of emergency funds. I hope we all get to the level we wish to attain in bitcoin. In Bitcoin investment, I suppose that anyone engaging in it should understand that greed is not an attribute of a good investor and that the Idea of getting rich quick is a common enemy in bitcoin success journey.

I am beginning to think that it seems most people don't really practice what they preach or either others, for their own reasons, choose to lead other lower investors astray possibly based on competitive approach. Emergency funds is not to be tampered with foe any reason if we all believe that emergency situations don't give notice prior to its occurrence.

Quote from: POPOLUV on October 02, 2025, 11:48:51 AM

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

This can also be regarded as playing too smart on bitcoin and it's not a very good idea. Most time it does not end well. How do you know that no emergency situation would arise within the period after investing with you emergency funds and/or how sure are you that bitcoin volatility would not affect the invested funds negatively should you intend to sell off in the event of an emergency situation. More so, are you well prepared to incur every loss that may happen to your funds when you sell part in other to tackle an emergency situation that arises after investing your Emergency funds. That someone played smart and succeeded does not imply you would also succeed. So the best any investor can do is to follow a less risky approach in order not to get frustrated out of bitcoin investment.

Yes sure, and also having emergency funds is very important thing as a newbie you have to know about this and invest in Bitcoin wisely not with all your hard earned money, maybe after salary is been paid you need to settle all the bill first, make sure your stock the house with food stuffs and then remove a money aside for emergency then use the remaining to invest in Bitcoin, why I said this is because if there's any emergency tomorrow you don't have to touch your investment because you now have emergency funds to use in settlement of any emergency without touching your investment and you have food in house to eat look healthy and not touching your Bitcoin, with this it enables your investment grow big against the future and it helps you also grow your knowledge in the market and help you save for the future.