Quote from: POPOLUV on Today at 08:24:31 AM

Quote from: Bd officer on September 03, 2025, 08:34:55 AM

Quote from: Fuso.hp on September 03, 2025, 03:22:58 AM

Now coming to why you should form an emergency fund and what is its use, basically so that your investment is not irregular, that is why many investors form an emergency fund. The use of an emergency fund is when you have a financial crisis, but your investment may be irregular, so that an investor's Bitcoin investment is not irregular during a financial crisis, that is why those investors form an emergency fund with their own extra money and use it later.

Once an emergency fund is used, when the financial situation of the person is normal, then the amount of money that he took from the emergency fund and invested in Bitcoin can be added back to the emergency fund. This way, every investor will not have the possibility of irregular investment. Since I have used an emergency fund, I know that this is a really effective strategy for investing in Bitcoin consistently.

In fact, even if you don't invest in Bitcoin, it's important to create an emergency fund. Emergency funds are created for urgent needs, you may get sick at any moment and you will need money if you are sick, so if you have emergency funds it will not affect your investment. Maybe some investors reserve emergency funds to maintain regular investments, but it seems most investors reserve emergency funds for urgent needs. I personally reserve emergency funds for urgent needs, I do not reserve emergency funds to maintain continuity in investment. I will never buy bitcoins using emergency funds, because investing consistently in bitcoins is not mandatory.

I agree with you if actually you are referring of having an emergency fund at hands outside your Bitcoin portfolio but if you are referring to creating an emergency fund without creating the opportunity of investing in Bitcoin first before creating an emergency fund incase of unforeseen circumstances, i will said that i disagree with you because you can't create emergency fund in Bitcoin without having an investment first, and it is very simple here that DCA strategy has make things more easier for us in building Bitcoin portfolio small small without using all your discretionary income, and what i understand when it comes to Bitcoin investments is that investment is based on individual discipline on how to plan his self so that you he can't run out of money which might lead him to pull out his investment anytime soon because urgent needs, so it is normal to have both your Bitcoin portfolio and emergency fund in mind on how to archived the both incase of anything.

Well said Sir,by the way having an emergency fund puts in place mustn't be when you have started an investment in Bitcoin. For a reminder, an emergency funds is a personal savings kept as a backup incase of any future Emergencies that may occur. My points is, it must not be when you have a bitcoin investment that you should start building an emergency funds rather it is a measure that should be put in place to serve as a strong haven against Real life Emergencies whether you're an investor in Bitcoin or not.

Mocha Gilmore

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