Re: Buy the DIP, and HODL!

Quote from: Lidger on October 03, 2025, 06:17:42 AM

Quote from: Hardyrobust on October 02, 2025, 07:21:36 PM Investment is important for us, but creating an emergency fund is not important for us. If the matter is such that we try to create an emergency fund to make continuous investments or to ensure continuity of investment, but while creating this emergency fund, our investment is hindered, then that emergency fund works against our investment.
A long term bitcoin investor needs to create an emergency funds the moment he has started his bitcoin investment, it does not matter how long it will take him to build his emergency funds of three months of his expenses along aside with his bitcoin investment. What matters is that he should see his emergency funds as his second priority because it's a backup funds to his bitcoin investment in order for him not to sell prematurely if he is hit with real life emergency.

There is no way that your emergency funds will work against your bitcoin investment rather, it will protect your bitcoin investment from whatever unforeseen circumstances that will thwart with your bitcoin investment from growing overtime.

~~Quote from: Stormisover on October 02, 2025, 11:59:57 AM~~Quote
~~[=laspol65 link=topic=5132720~~ when they are motivated to invest and when emergency funds are discussed with them, they are confused that if they cannot create an emergency fund, they will not be able to hire consistently, which will have a bad effect on their investment.~~msg65867366#msg65867366 date=1759312581]~~

You don't invest consistently with your emergency funds but your discretionary income. Secondly, you don't need to set up an emergency funds before starting your Bitcoin investment, you need to start yoir bitcoin first with your discretionary income and share it into two part. One part to be building your bitcoin portfolio through DCA weekly and the other part to build your emergency simultaneously with your bitcoin investment.
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.

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Those who are investors should focus only on investment, try to expand your income to make your investment continuous.
While am struggling to really understand your point the fact is that it is wrong to invest with your emergency funds and there is no smartness in doing this at all it is called an emergency funds for a reason which means it has to be ready for the real reason of it's purpose, you sound as if you know when emergency will happen, nobody knows when this will happen and the level to which it will happen investing it is risky and it is not a good thing to do and is a total bad idea and advice if you ask me.
This is a misleading statement and newbies can fall for it which is wrong ~~to invest in bitcoin using emergency funds~~. ~~There are times some people may think~~Any long term bitcoin investor that ~~they can be able~~did not bother to ~~replace there~~set up his emergency funds ~~before an emergent situation, however no one can tell when an emergency~~and only want to focus on building his bitcoin investment is only gambling and not investing because you will ~~occur I believe that's the reason behind the name~~get burned. When your emergency funds~~. Using it for other purposes other than the purpose it~~ of at least three months of your monthly expenses is ~~meant for is a very big mistake and I do wonder while some people~~set, you will ~~make~~have the ~~mistake of using there emergency funds~~flexibility to tweak into various accumulating strategy and invest ~~instead~~aggressively with peace of ~~there discretionary~~mind when you have expanded your income.

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Investment is important for us, but creating an emergency fund is not important for us. If the matter is such that we try to create an emergency fund to make continuous investments or to ensure continuity of investment, but while creating this emergency fund, our investment is hindered, then that emergency fund works against our investment. Investing by creating an emergency fund is a much later matter, those who have a lot of income can think about this issue, but those who have a limited income and have a little money left to spend on their family do not actually have any opportunity to create an emergency fund and when they are motivated to invest and when emergency funds are discussed with them, they are confused that if they cannot create an emergency fund, they will not be able to hire consistently, which will have a bad effect on their investment. Those who are investors should focus only on investment, try to expand your income to make your investment continuous.
When your income expands, your investment will already be continuous, so there will be no need to create an emergency fund.
Not true that's a poor financial management. Your income has expanded does not mean that your discretionary income from your new income is up to three months of your monthly expenses excluding the one that you will use to DCA for that month. Only the rich can say that they don't need emergency funds because they have other investments or business which they can tap funds from when a real life emergency occurs without looking at their bitcoin investment.

Original archived Re: Buy the DIP, and HODL!

Scraped on 03/10/2025, 13:52:36 UTC

Quote from: Lidger on October 03, 2025, 06:17:42 AM

Quote from: Hardyrobust on October 02, 2025, 07:21:36 PM

Quote from: Stormisover on October 02, 2025, 11:59:57 AM

[=laspol65 link=topic=5132720.msg65867366#msg65867366 date=1759312581]

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.

While am struggling to really understand your point the fact is that it is wrong to invest with your emergency funds and there is no smartness in doing this at all it is called an emergency funds for a reason which means it has to be ready for the real reason of it's purpose, you sound as if you know when emergency will happen, nobody knows when this will happen and the level to which it will happen investing it is risky and it is not a good thing to do and is a total bad idea and advice if you ask me.

it is wrong to invest in bitcoin using emergency funds. There are times some people may think that they can be able to replace there emergency funds before an emergent situation, however no one can tell when an emergency will occur I believe that's the reason behind the name emergency funds. Using it for other purposes other than the purpose it is meant for is a very big mistake and I do wonder while some people will make the mistake of using there emergency funds to invest instead of there discretionary income.

Investment is important for us, but creating an emergency fund is not important for us. If the matter is such that we try to create an emergency fund to make continuous investments or to ensure continuity of investment, but while creating this emergency fund, our investment is hindered, then that emergency fund works against our investment. Investing by creating an emergency fund is a much later matter, those who have a lot of income can think about this issue, but those who have a limited income and have a little money left to spend on their family do not actually have any opportunity to create an emergency fund and when they are motivated to invest and when emergency funds are discussed with them, they are confused that if they cannot create an emergency fund, they will not be able to hire consistently, which will have a bad effect on their investment. Those who are investors should focus only on investment, try to expand your income to make your investment continuous. When your income expands, your investment will already be continuous, so there will be no need to create an emergency fund.