Buy Buy Buy or Sell Sell Sell?

[asarfiar]

We often do a lot of work without preplanning, we do it without thinking about what will happen 2/3/4 weeks, months, years after doing the work? We work without thinking about what can happen which later makes us face difficult problems.
Most of the time we invest our emergency fund in the wrong place due to which we have to pay later.

We do not understand which type of collection should be invested in which sector.

I think everyone should do a lot of study on this before investing.

It is never a good idea to invest anywhere with your emergency fund. I think keeping your emergency fund in cash is the best way. Because if you are in the midst of some kind of financial disaster, then if you cannot get the money immediately, then what is the use of your emergency fund? If you invest your emergency fund somewhere else and if you are in the midst of a financial disaster at that time and if your investment goes down at that time, then you will have to sell it with your loss, so it is never a good idea to invest with your emergency fund.

An emergency fund is an important fund. If you do not keep your emergency fund or invest your emergency fund in some other place, it will not be logical. Emergencies do not come with any advance notice. Emergency funds come suddenly, so you need to be alert so that you can deal with the emergency situation with your emergency fund. I have seen many people invest their emergency fund money in other places. So, since they do not have an emergency fund, they spend the money they have invested in that emergency situation.

Of course, your emergency fund is an integral part of your life path. It protects your discretionary fund as well as your emergency situation.

[Joeboy]

[Edited out]
Therefore, he should invest five, ten, or 15% of that $100 in Bitcoin and keep the rest invested in local currency or gold as an emergency fund so that he can use it when needed.

Investing like 5-15% of the $100 in Bitcoin and the remaining percentage ( probably 75-95% in gold or local currency)may sound smart but it may not really be the best idea especially for people in countries with high inflation rate, where the value of their local currency keeps dropping on a daily basis. And the implication of this is that the money you have today might buy you lesser and lesser things as day keeps rolling by.

Gold may seem stable but it doesn't grow as fast as Bitcoin does overtime.

If you understand Bitcoin well you will notice that it is better to push up your Bitcoin allocation to maybe 30-40% due to its high appreciation rate.

Here we are talking about emergency funds. Danger never comes with a message. When a danger comes, you may need money. Now if you invest all your money in Bitcoin, you will find that you are not able to arrange money when you need it.
That is why I said that it is always safe to keep emergency funds in fiat currency even though inflation occurs there.
People earn money and in this case, a certain amount has to be deposited as an emergency fund to use it when they need it. So no matter how much inflation occurs in the currencies of your emergency fund, since you need to save your life, it is better to let inflation occur to save your life.

Understanding this, if someone wants to invest their emergency fund with risk, then I said that they should invest some part of it instead of investing the whole amount.

However, I think it is better to keep the emergency fund in fiat.

I totally get your point. And are right when you said that danger doesn't give a warning or message before it comes. However if someone has a savings of $100 like  in the example you gave, it maybe a great idea to store some in fiat currency in case of any emergency however one shouldn't also neglect the fact that fiat currency looses value over time.

 You may have a billion dollars in your bank account today and you may think you are have arrived, but I tell you in the next 4-5 years if care is not taken the value may have dropped in such a way that even if an emergency situation happens to come up one may need to sell off some of his bitcoin in his wallet in other  to complete to the money for the emergency situation. Apart from even the devaluation of the fiat currency, let not also forget that there are bank charges, that tend to reduces you money( fiat currency) overtime especially when they are stored in the bank.

That is why in my previous response I emphasize a balance in the allocation system- 30-40% or even maybe 50% in Bitcoin and the remaining percentage probably should be kept in fiat in case of any emergency situation.  The benefit of this kind of allocation system is that you will have money for any emergency situation while also ensuring your profitability on the long run.

[ejikeme24]

Understanding this, if someone wants to invest their emergency fund with risk, then I said that they should invest some part of it instead of investing the whole amount.

However, I think it is better to keep the emergency fund in fiat.

This is terribly wrong, your emergency funds is not meant for investing, even though you are  investing only a cent of it, no, don't do that.
This is why reverse funds is set aside, so that a dip buying opportunity can be utilized proper, but thinking to invest part of your emergency funds is a terrible financial mistake that you might pay dearly for if any serious real life emergency situation arise during that period of time you invest some part of it.
Your emergency funds should only be tempered with when a serious real life emergency situation that threatens your Bitcoin holdings ariss, nothing else.

I'm not disputing on the fact that our emergency funds shouldn't  be used for our bitcoin investment, as it is not advised for an investor to be investing from his emergency fund but from his discretionary income. Just as sir JayJuanGee said in his previous post here.



I totally agree with this, a guy can do whatever he feel like doing with his emergency fund since the emergency fund may be higher than the discretionary fund, that is because emergency issue don't come up so easily, so with this a guy may be having enough emergency fund than that of discretionary fund that has alot of loads to carry.

[Republikcoin.com]

...

This is terribly wrong, your emergency funds is not meant for investing, even though you are  investing only a cent of it, no, don't do that.
This is why reverse funds is set aside, so that a dip buying opportunity can be utilized proper, but thinking to invest part of your emergency funds is a terrible financial mistake that you might pay dearly for if any serious real life emergency situation arise during that period of time you invest some part of it.
Your emergency funds should only be tempered with when a serious real life emergency situation that threatens your Bitcoin holdings ariss, nothing else.

The purpose of creating an emergency fund is to be able to facilitate our own investment activities such as when we want to buy Bitcoin every week or every month so that everyone who has become an investor does not experience obstacles in carrying out their own activities. And one more thing is that every investor usually does not always wait for a price drop when they want to buy Bitcoin for their own investment purposes, because they usually prefer to save for the long term after making a purchase with the amount of money they have at that time.

So everything that aims to facilitate our own work activities is a support tool that must be there before we become investors. Because investors should not hold back their hunger just because of investing because every investor always needs more focus so that they can continue to be consistent in carrying out their investment work for a long period.

[Z_MBFM]

...

This is terribly wrong, your emergency funds is not meant for investing, even though you are  investing only a cent of it, no, don't do that.
This is why reverse funds is set aside, so that a dip buying opportunity can be utilized proper, but thinking to invest part of your emergency funds is a terrible financial mistake that you might pay dearly for if any serious real life emergency situation arise during that period of time you invest some part of it.
Your emergency funds should only be tempered with when a serious real life emergency situation that threatens your Bitcoin holdings ariss, nothing else.

The purpose of creating an emergency fund is to be able to facilitate our own investment activities such as when we want to buy Bitcoin every week or every month so that everyone who has become an investor does not experience obstacles in carrying out their own activities. And one more thing is that every investor usually does not always wait for a price drop when they want to buy Bitcoin for their own investment purposes, because they usually prefer to save for the long term after making a purchase with the amount of money they have at that time.

So everything that aims to facilitate our own work activities is a support tool that must be there before we become investors. Because investors should not hold back their hunger just because of investing because every investor always needs more focus so that they can continue to be consistent in carrying out their investment work for a long period.

This is an open offer by the way.. I will trade 10,000 BTC for 2 of these pizzas any time as long as I have the funds (I usually have plenty).  If anyone is interested please let me know.  The exchange is favorable for anyone who does it because the 2 pizzas are only about 25 dollars total, maybe 30 if you give the guy a nice tip.  If you get me the upgraded extra large ones or something, I can throw in some more bitcoins, just let me know and we'll work something out.

My 1 year old daughter really enjoys pizza too!  She just smears it all over her face if you give her a whole slice, but she does eventually manage to get most of it in her mouth (minus a few loose toppings of course).

Read the Laszlo post. at that time, he was very happy to buy pizza with his Bitcoin. Because at the time when he bought the pizza, there was no way to exchange Bitcoin through Bitcoin, then everyone only thought of Bitcoin as a hobby. And at that time, purchasing something directly through Bitcoin was just a dream. But Laszlo did not miss the opportunity to buy what he wanted at that time. And since then, everyone can imagine an exchange price of Bitcoin and gradually the demand for Bitcoin increased and the price continued to increase.

Most of the time we are very excited about the current price of Bitcoin and we do not decide to break our investment in an emergency moment. However, if you think about the beginning of Bitcoin, what was the value of Bitcoin at that time and how much the value of Bitcoin is constantly increasing, then you can imagine the future of Bitcoin. Only those who can hold Bitcoin patiently can get a lot of profit from Bitcoin. The longer the holding time, the more profit they make. So instead of selling Bitcoin, you should always hold it if you have any other means to get financial backup for your daily expenses and emergencies.

[Cossyblack]

We often do a lot of work without preplanning, we do it without thinking about what will happen 2/3/4 weeks, months, years after doing the work? We work without thinking about what can happen which later makes us face difficult problems.
Most of the time we invest our emergency fund in the wrong place due to which we have to pay later.

We do not understand which type of collection should be invested in which sector.

I think everyone should do a lot of study on this before investing.

It is never a good idea to invest anywhere with your emergency fund. I think keeping your emergency fund in cash is the best way. Because if you are in the midst of some kind of financial disaster, then if you cannot get the money immediately, then what is the use of your emergency fund? If you invest your emergency fund somewhere else and if you are in the midst of a financial disaster at that time and if your investment goes down at that time, then you will have to sell it with your loss, so it is never a good idea to invest with your emergency fund.

An emergency fund is an important fund. If you do not keep your emergency fund or invest your emergency fund in some other place, it will not be logical. Emergencies do not come with any advance notice. Emergency funds come suddenly, so you need to be alert so that you can deal with the emergency situation with your emergency fund. I have seen many people invest their emergency fund money in other places. So, since they do not have an emergency fund, they spend the money they have invested in that emergency situation.

Of course, your emergency fund is an integral part of your life path. It protects your discretionary fund as well as your emergency situation.

You're right, Emergencies doesn't give us advanced notice before happening,it's always takes us by surprise and for that reason alone,our emergency funds shouldn't be tampered with for any reason except for real time emergencies. Anybody who often diversify his emergency funds for other investments purposes is simply a gambler and might be doing so for quick profits . It is not  as if he's not aware of the implications but  because he's simply greedy and foolish for putting his investment portfolio at risk by gambling with his emergency funds. Sometimes people are just  the major causes of their problems.

[Catenaccio]

You're right, Emergencies doesn't give us advanced notice before happening,it's always takes us by surprise and for that reason alone,our emergency funds shouldn't be tampered with for any reason except for real time emergencies. Anybody who often diversify his emergency funds for other investments purposes is simply a gambler and might be doing so for quick profits .

People can change their initial plans but I think it's more possible when a person does not have any idea of an emergency fund or ignore to build up his emergency fund. In contrast, if a person already thought deeply about it, and actually built up his emergency fund, it's harder to withdraw money from his emergency fund and use it for other things like investment, trading or gambling.

I don't say it never happens, but it barely happens and people most won't break their own good initial plan by arbitrarily use their emergency funds for something in short term only.

[WhoYouCantKill]

Guys can do whatever they like, and so it could take a bit of time to build up an emergency fund that is at least 3 months of expenses, so while the emergency fund is being built up there can be shortages of cash in which the income does not cover all of the expenses, and if the emergency fund is the only money available (besides the bitcoin investment) then of course, the emergency funds would be spent from before spending from the bitcoin.

Ideally, a person ends up building back up funds beyond the emergency funds, which we tend to refer to as reserve funds, and reserve funds have more flexibility. Sure, reserve funds can be used for emergencies, but they also can be used for a variety of expected expenses and/or later investments.  

I frequently like to consider that the emergency funds are the last source of funds that a guy has available before he has to tap into his bitcoin, and we are trying to avoid tapping into our bitcoin except for at a time that is completely of our own choosing, so if we had already built up our emergency funds (to 3 months of expenses) and then maybe we have another 2-6 weeks worth of expenses that are in various categories of reserve funds, once we run out of reserve funds, the we likely are going to realize that we are not in a good place because the next thing that we want (or need) is going to have to come from our emergency funds if we do not get paid before the time that we want or need it, so in that sense it could be problematic for us to be tapping into our emergency funds for non-emergencies, yet the judgement is ultimately in our hands regarding how to deal with matters in which we might not have any other funds besides our emergency funds and our bitcoin, and if we may or may not know how many days it is before we receive our next paycheck.. and whether it might be worth it to tap in to our emergency funds for some kind of a temporary expense, perhaps based on an expectation that our paycheck is going to be sufficiently large enough to cover the emergency fund amount that we had tapped into.

It's indeed very crucial for every investor to build a solid emergency fund as well as reserve funds in order to cover unexpected expenses and also to prevent them from tapping into their investment when it is yet to reach the desired goal.  When investors have some kind of financial cushion, it provides them security and flexibility, as well as reducing financial stress.  Another important thing is weighing the decision of using the emergency fund on non emergency expenses, taking note of certain factors like upcoming paychecks and possible impact on financial stability.

This approach is a great way for investors to maintain some level of control over their financial decisions and also enables them to make strategic decisions when it comes to their Bitcoin investment. Prioritizing Emergency funds and Reserve funds, investors can have clearer understanding on how to effectively tackle financial challenges whenever they come up and also keep their financial situation in check with their goals.

[Tungbulu]

You're absolutely correct, overthinking can indeed potentially lead to paralysis. The best way to get started is to take the first step, even if those steps are very small, at least it's better than waiting for a perfect time that may likely not even come. Bitcoin accumulation and building an emergency fund can actually be done simultaneously, I actually created a topic on how this could be achieved.

I did a quick glance at it, and I bookmarked the thread so that I can read it and subscribe to it.

That'll be very wonderful.
And it'll also be very much appreciated to also share your thoughts and knowledge on the topic, it'll definitely create further opportunity for users to get to learn from your knowledge and contributions.

✂️✂️✂️

Each of us come to bitcoin at different levels of knowledge and experience, and frequently several of us suggest that all that is needed is discretionary income and the enough basic math and common sense skills to make sure that you really do have discretionary income and you are not mistaken, since whether you get started $10 per week, $100 per week or some other amount, you should hopefully be able to recognize some value in recognizing limitations in your knowledge if you are coming to bitcoin as a new investment - or maybe you had already been studying bitcoin, so you know some things about bitcoin, yet you may also recognize that even just sourcing your coins and starting to make your weekly buys might require some getting used to.. including figuring out how to plan your future buys, and whether to give yourself a weekly budget that involves both bitcoin investing and the building of an emergency fund or if maybe you already have some back up funds so you merely have to think about how your bitcoin investing is going to fit within your already practices, and like several of us repeat, it is not likely that any waiting needs to happen in order to get started unless you are not sure about from where you are going to source your initial coins and/or if you might feel that you have to explore your initial bitcoin sourcing options.

Some might actually think one needs so much to get started, but you're absolutely right about needing just a discretionary income, basic maths skills and of course common sense, because with these, anyone can actually get started, irrespective of their initial experience or knowledge of Bitcoin. It's also a very crucial step to acknowledge the limitations of one's knowledge and there's absolutely no shame in that, because it's more than okay to learn as one advances.

Whether it's $10 or $100 one chooses to invest on a weekly interval, the most important thing is to start first and then adapt as you advance. Sourcing coins, planning on how to acquire more coins in the future and budgeting for Bitcoin investments alongside an emergency fund are qualities and skills that is inbuilt in an individual, it's something that needs time and resilience to develop. And for those with an existing back up funds, it becomes even more smoother when they integrate Bitcoin accumulation into their financial routine. The most important thing is getting started and then refine your strategy with the knowledge and experiences you gain on your journey.

Investors have more chances of becoming more comfortable with the whole process when they start early, and drastically, their investment strategies would likely evolve to suit their financial goals and risk tolerance. So rather than waiting to gather all the knowledge you feel one needs to be an investor, it's always best to get started and take the first step and just enjoy the adventure while you learn and advance on your way.

[Shadiq]

You're right, Emergencies doesn't give us advanced notice before happening,it's always takes us by surprise and for that reason alone,our emergency funds shouldn't be tampered with for any reason except for real time emergencies. Anybody who often diversify his emergency funds for other investments purposes is simply a gambler and might be doing so for quick profits .

People can change their initial plans but I think it's more possible when a person does not have any idea of an emergency fund or ignore to build up his emergency fund. In contrast, if a person already thought deeply about it, and actually built up his emergency fund, it's harder to withdraw money from his emergency fund and use it for other things like investment, trading or gambling.

I don't say it never happens, but it barely happens and people most won't break their own good initial plan by arbitrarily use their emergency funds for something in short term only.

Such a person is basically gambling with his investment. He is keeping the emergency fund in a position where the emergency fund can be easily lost or he faces an emergency very quickly. Then he will only lose his investment like a gamble.

We have said again and again, do not take any risk with the emergency fund, because the emergency fund can be directly involved in the investment. If there is a lot of cash flow, then you may be successful in protecting your investment in the initial stage of the emergency. But if the emergency lasts for a long time, your investment will definitely be at risk. So try to keep the emergency fund close to you in fiat money, so that it is easy to use the emergency fund in an emergency. Avoid the temptation of small profits earned from the emergency fund, because the reality is not as simple as you plan.

[Frankolala]

I totally agree with you because Bitcoin doesn't need too much or too many knowledge before one can start because you don't need or have to study the market or predict it like traders, which can be very stressful and time consuming, I think all a beginner need to start is knowing what is discretionary, emergency and reserve funds and have them place then how to buy and hold and anyone who went for more knowledge about Bitcoin investment before starting will not only waste time and opportunity but will also realize later while investing that those knowledge wasn't really necessary and anyone who have already experience this should not get discourage but rather keep on pushing.

If people start with investment mindset and plan for it, they will have a lot of time for learning more about Bitcoin after their purchases. Bitcoin is here and won't disappear, so after purchasing bitcoins for their investment portfolios, they are free to dig deeper and learn more about Bitcoin with many free and available resources.

It's always true that if they have more knowledge about Bitcoin from its technology to market cycle history, they will have stronger hands for holding bitcoins. So with a lot of time to use for learning, they need to use their time properly for enhancing their knowledge as well as strengthen their hands that together contribute to their investment success.

Of course, bitcoin knowledge is so broad that,, you will continue learning as long as you are investing because yiu have made bitcoin part of your life since we hopw to reap from the fruit of our labor in future. Also, it is not only to be learning as you are investing, you should also looking for a means of increasing your income so that you can have more flexibility in your bitcoin accumulation journey and invest aggressively when you can.

[Hardyrobust]

[Edited out]
Therefore, he should invest five, ten, or 15% of that $100 in Bitcoin and keep the rest invested in local currency or gold as an emergency fund so that he can use it when needed.

Investing like 5-15% of the $100 in Bitcoin and the remaining percentage ( probably 75-95% in gold or local currency)may sound smart but it may not really be the best idea especially for people in countries with high inflation rate, where the value of their local currency keeps dropping on a daily basis. And the implication of this is that the money you have today might buy you lesser and lesser things as day keeps rolling by.

Gold may seem stable but it doesn't grow as fast as Bitcoin does overtime.

If you understand Bitcoin well you will notice that it is better to push up your Bitcoin allocation to maybe 30-40% due to its high appreciation rate.

You are correct about this point, countries which inflation is eaten up there local currency having a large possessions of fiat in there local currency wouldn't be a nice idea since the value of the fiat will reduce drastically with the passage of time.Gold can be used to store value, however it can't be compared to bitcoin in terms of growth.increasing bitcoin allocation to 30-40% will definitely make sense morespecially for long term investors and can act as hedge against volatility.it wont be a nice idea to use gold as an emergency funds since gold is not liquid rather fiat should be used for emergency funds because of how liquid it is.

[Joy- maker]

Understanding this, if someone wants to invest their emergency fund with risk, then I said that they should invest some part of it instead of investing the whole amount.

it not advising to invest even half of your emergency fund in bitcoin, because if you do you are investing wrongly. Emergency fund should only be use for emergencies unforeseen circumstances, and not to be invested in bitcoin.
if you invest your emergency fund in bitcoin it will endanger your bitcoin investment which will lead to selling off your bitcoin investment at early stage of accumulation, so the right way to invest in bitcoin is by investing only your discretionary income, I mean your leftover money after you must have settled your needs and expenses either for the week or for the month.

[Bluedrem]

Understanding this, if someone wants to invest their emergency fund with risk, then I said that they should invest some part of it instead of investing the whole amount.

it not advising to invest even half of your emergency fund in bitcoin, because if you do you are investing wrongly. Emergency fund should only be use for emergencies unforeseen circumstances, and not to be invested in bitcoin.
if you invest your emergency fund in bitcoin it will endanger your bitcoin investment which will lead to selling off your bitcoin investment at early stage of accumulation, so the right way to invest in bitcoin is by investing only your discretionary income, I mean your leftover money after you must have settled your needs and expenses either for the week or for the month.

Can you deny that when your emergency fund is unused for a long time, you are not encouraged to invest in that fund?

I have seen many people who have been unused for a long time, they store their emergency fund in grains or other things with the intention of selling it later for some profit. They then think that if they keep their emergency fund in fiat, then the value of their fund will decrease due to inflation, rather than investing it with it. When they need money urgently, they can collect money from relatives or someone to meet the emergency need and later sell the invested fund to pay off the accumulated debt.
This is happening to all people except those who have a lot of money.

[JayJuanGee]

Understanding this, if someone wants to invest their emergency fund with risk, then I said that they should invest some part of it instead of investing the whole amount.

it not advising to invest even half of your emergency fund in bitcoin, because if you do you are investing wrongly. Emergency fund should only be use for emergencies unforeseen circumstances, and not to be invested in bitcoin.
if you invest your emergency fund in bitcoin it will endanger your bitcoin investment which will lead to selling off your bitcoin investment at early stage of accumulation, so the right way to invest in bitcoin is by investing only your discretionary income, I mean your leftover money after you must have settled your needs and expenses either for the week or for the month.

Can you deny that when your emergency fund is unused for a long time, you are not encouraged to invest in that fund?

I have seen many people who have been unused for a long time, they store their emergency fund in grains or other things with the intention of selling it later for some profit. They then think that if they keep their emergency fund in fiat, then the value of their fund will decrease due to inflation, rather than investing it with it. When they need money urgently, they can collect money from relatives or someone to meet the emergency need and later sell the invested fund to pay off the accumulated debt.
This is happening to all people except those who have a lot of money.

Ongoingly normies get themselves into trouble when they try to be smarter and keeping their emergency funds in forms that are other  than cash.  Sure, they may well consider themselves to be smarter than everyone else, but if they end up NOT being sufficiently liquid due to various unforeseen circumstances, then they might find themselves with no actual emergency funds that are liquid and they are then faced to sell some or all of their bitcoin, since bitcoin might be the ONLY liquid thing that they are actually holding.  So there goes their being smarter than everyone else with their thoughts that they "need" their capital to be "working."

You are correct that rich folks can engage in the same level of stupidness and slopiness, yet within the definition of being rich, there are likely various assets to fall back upon, and sure, even though they screwed up, they still might not have to dip into their bitcoin or any other investment at a time that is not of their own choosing, and they might even have some rich parent, relative and/or friend bail them out of their $30k cash shortfall since they likely know that they are good for it... and a quickie $30k loan is not even that BIG of a deal for some rich persons.

[Bluedrem]

Understanding this, if someone wants to invest their emergency fund with risk, then I said that they should invest some part of it instead of investing the whole amount.

it not advising to invest even half of your emergency fund in bitcoin, because if you do you are investing wrongly. Emergency fund should only be use for emergencies unforeseen circumstances, and not to be invested in bitcoin.
if you invest your emergency fund in bitcoin it will endanger your bitcoin investment which will lead to selling off your bitcoin investment at early stage of accumulation, so the right way to invest in bitcoin is by investing only your discretionary income, I mean your leftover money after you must have settled your needs and expenses either for the week or for the month.

Can you deny that when your emergency fund is unused for a long time, you are not encouraged to invest in that fund?

I have seen many people who have been unused for a long time, they store their emergency fund in grains or other things with the intention of selling it later for some profit. They then think that if they keep their emergency fund in fiat, then the value of their fund will decrease due to inflation, rather than investing it with it. When they need money urgently, they can collect money from relatives or someone to meet the emergency need and later sell the invested fund to pay off the accumulated debt.
This is happening to all people except those who have a lot of money.

Ongoingly normies get themselves into trouble when they try to be smarter and keeping their emergency funds in forms that are other  than cash.  Sure, they may well consider themselves to be smarter than everyone else, but if they end up NOT being sufficiently liquid due to various unforeseen circumstances, then they might find themselves with no actual emergency funds that are liquid and they are then faced to sell some or all of their bitcoin, since bitcoin might be the ONLY liquid thing that they are actually holding.  So there goes their being smarter than everyone else with their thoughts that they "need" their capital to be "working."

Dear JayJuanGee

How do those who have no previous savings collect emergency funds? Of course, they have to work hard first and deposit a certain amount and reliable amount in the emergency fund as soon as possible, every week, month or year.

Now it turns out that his emergency fund has been accumulated within six months. That is, he can deposit the money he needs as an emergency fund within 6 months.

After his urgent bill was deposited, it turned out that the price of Bitcoin has decreased or the possibility of profit in Bitcoin in the future is immense.
And then he needs to buy Bitcoin but he has no more money, what will he do?
Then can he not take such a risk of investing his emergency fund? Since he can replenish his emergency fund within six months and he has an ongoing income stream.

[Gost ms]

Understanding this, if someone wants to invest their emergency fund with risk, then I said that they should invest some part of it instead of investing the whole amount.

it not advising to invest even half of your emergency fund in bitcoin, because if you do you are investing wrongly. Emergency fund should only be use for emergencies unforeseen circumstances, and not to be invested in bitcoin.
if you invest your emergency fund in bitcoin it will endanger your bitcoin investment which will lead to selling off your bitcoin investment at early stage of accumulation, so the right way to invest in bitcoin is by investing only your discretionary income, I mean your leftover money after you must have settled your needs and expenses either for the week or for the month.

Can you deny that when your emergency fund is unused for a long time, you are not encouraged to invest in that fund?

I have seen many people who have been unused for a long time, they store their emergency fund in grains or other things with the intention of selling it later for some profit. They then think that if they keep their emergency fund in fiat, then the value of their fund will decrease due to inflation, rather than investing it with it. When they need money urgently, they can collect money from relatives or someone to meet the emergency need and later sell the invested fund to pay off the accumulated debt.
This is happening to all people except those who have a lot of money.

Ongoingly normies get themselves into trouble when they try to be smarter and keeping their emergency funds in forms that are other  than cash.  Sure, they may well consider themselves to be smarter than everyone else, but if they end up NOT being sufficiently liquid due to various unforeseen circumstances, then they might find themselves with no actual emergency funds that are liquid and they are then faced to sell some or all of their bitcoin, since bitcoin might be the ONLY liquid thing that they are actually holding.  So there goes their being smarter than everyone else with their thoughts that they "need" their capital to be "working."

Dear JayJuanGee

How do those who have no previous savings collect emergency funds? Of course, they have to work hard first and deposit a certain amount and reliable amount in the emergency fund as soon as possible, every week, month or year.

Now it turns out that his emergency fund has been accumulated within six months. That is, he can deposit the money he needs as an emergency fund within 6 months.

After his urgent bill was deposited, it turned out that the price of Bitcoin has decreased or the possibility of profit in Bitcoin in the future is immense.
And then he needs to buy Bitcoin but he has no more money, what will he do?
Then can he not take such a risk of investing his emergency fund? Since he can replenish his emergency fund within six months and he has an ongoing income stream.

Before starting investment, a stable income is needed. So that his investment can continue to run continuously. Those who do not have savings before can divide their stable income in several ways, such as, excluding all his personal expenses, family expenses, etc., and keep the amount of money left for investment and emergency fund. Suppose you have $ 200 left to invest every month, you can keep $ 100 from there for emergency fund and continue investing with $ 100. If you do this, your investment will be continuous. It is never right to wait to invest. If you want, you can continue both emergency fund and investment at the same time by adopting this method.

We can never say when the price of Bitcoin will go down or increase in the future, because we can never tell the future. It is never right to delay investment to create an emergency fund.

[Barikui1]

Can you deny that when your emergency fund is unused for a long time, you are not encouraged to invest in that fund?

I have seen many people who have been unused for a long time, they store their emergency fund in grains or other things with the intention of selling it later for some profit. They then think that if they keep their emergency fund in fiat, then the value of their fund will decrease due to inflation, rather than investing it with it. When they need money urgently, they can collect money from relatives or someone to meet the emergency need and later sell the invested fund to pay off the accumulated debt.
This is happening to all people except those who have a lot of money.

And then he needs to buy Bitcoin but he has no more money, what will he do?
Then can he not take such a risk of investing his emergency fund? Since he can replenish his emergency fund within six months and he has an ongoing income stream.

In a scenario like this, it's the major reason why we have reserves funds in place, to either buy aggressively during a dip or use it to address any financial needs that is not an emergency situation, without you tempering with your emergency funds, so having reserve funds is very vital in Bitcoin investment.
Using your emergency funds or a fraction of it to invest in Bitcoin is actually unwise because you are putting your Bitcoin holdings to a vulnerable state whereby any serious real life emergency can compel you to temper with it easily because the emergency funds is not there, so @bluedrem try to avoid using your emergency funds to invest, it's for your own good.

[JayJuanGee]

Understanding this, if someone wants to invest their emergency fund with risk, then I said that they should invest some part of it instead of investing the whole amount.

it not advising to invest even half of your emergency fund in bitcoin, because if you do you are investing wrongly. Emergency fund should only be use for emergencies unforeseen circumstances, and not to be invested in bitcoin.
if you invest your emergency fund in bitcoin it will endanger your bitcoin investment which will lead to selling off your bitcoin investment at early stage of accumulation, so the right way to invest in bitcoin is by investing only your discretionary income, I mean your leftover money after you must have settled your needs and expenses either for the week or for the month.

Can you deny that when your emergency fund is unused for a long time, you are not encouraged to invest in that fund?

I have seen many people who have been unused for a long time, they store their emergency fund in grains or other things with the intention of selling it later for some profit. They then think that if they keep their emergency fund in fiat, then the value of their fund will decrease due to inflation, rather than investing it with it. When they need money urgently, they can collect money from relatives or someone to meet the emergency need and later sell the invested fund to pay off the accumulated debt.
This is happening to all people except those who have a lot of money.

Ongoingly normies get themselves into trouble when they try to be smarter and keeping their emergency funds in forms that are other  than cash.  Sure, they may well consider themselves to be smarter than everyone else, but if they end up NOT being sufficiently liquid due to various unforeseen circumstances, then they might find themselves with no actual emergency funds that are liquid and they are then faced to sell some or all of their bitcoin, since bitcoin might be the ONLY liquid thing that they are actually holding.  So there goes their being smarter than everyone else with their thoughts that they "need" their capital to be "working."

Dear JayJuanGee
How do those who have no previous savings collect emergency funds? Of course, they have to work hard first and deposit a certain amount and reliable amount in the emergency fund as soon as possible, every week, month or year.

You have to attempt to use your best judgment. If you have absolutely no savings, then surely you are starting from zero, yet we know that to invest into bitcoin at all you have to have some reasonable ability to assess and conclude that you have discretionary income, and by definition, discretionary income is money that is left over after you have accounted for all of your expenses. If you are trying to invest into bitcoin from money that you need for expenses, then you do not have discretionary income and so you should not be investing into bitcoin.. because you would merely be taking chances with money that you actually need to cover expenses.

For practical purposes, I frequently like to presume that even the poorest of people will tend to try to have some kind of a cash cushion to try to cover 2-6 weeks of their living expenses in case their income really were to dry up.. so in some sense, if a guy does not even have 2 weeks of living expenses that are saved up, then he may well not even have enough discretionary income to be able to justify investing into bitcoin.

So, there is a need to establish that you have discretionary income to even justify investing into bitcoin at all, and so even though people can do whatever they like, I don't recommend investing into bitcoin if you do not have discretionary income or if you are not sure... If you are not sure, then it is better not not invest into bitcoin with money that you may well need for expenses.

Once you figure out that you have discretionary income and you decide that you want to invest into bitcoin, then frequently I suffest that at minimum, you should be striving to protect your bitcoin investment by simultaneously building your emergency funds and your investment into bitcoin at the same rate until you get up to 3 months of expenses and the equivalent of three months of your expenses invested into bitcoin.. and sure the bitcoin side of the matter may well go up and down in value more than the part that you are keeping in fiat... so if you ONLY have $10 per week of discretionary income that you are able to invest into bitcoin, you may well have to invest half of that $5 into your emergency fund and $5 into bitcoin.

You have to figure out some reasonable way of balancing out these matters, and there could be some flexibility even if the matter is also simultaneously stressful.

Let's say that you have considered that your monthly expenses are right around $300, so to build up your emergency funds for 3 months that would be $900 invested into the emergency funds and $900 invested into bitcoin, yet if you are ONLY investing $5 per week into each, then it could take 180 weeks for you to have had invested $900 into each.. which surely is right around 3.5 years... so surely it could take a long time to build up both your emergency funds and your bitcoin especially if you are ONLY putting $5 per week into each.

surely there could be times in which you come accross more money, and you might come to bitcoin and you already have around $300 of emergency funds but you have no bitcoin, so you might choose to put $8 per week into bitcoin and $2 per week into your emergency fund, or maybe you decide to put $10 per week into your bitcoin for 30weeks until it reaches $300 invested, and then after those first 30 weeks you then decide to put $5 into each until the emergency funds reach $900 and then at that point, you may well invest $10 into bitcoin and  you no longer need to keep adding to your emergency funds.  None of us can tell you exactly how to do it, yet if you fuck things up, you are the one who suffers the consequences, so you have to figure out some kind of a balance that you consider to be reasonably prudent and perhaps even reasonably aggressive in regards to investing into bitcoin at the same time.

Now it turns out that his emergency fund has been accumulated within six months. That is, he can deposit the money he needs as an emergency fund within 6 months.

Sure you could be describing situations that are possible, yet it does not seem too likely, since merely investing 50% of your income into your emergency funds maye well get you 3 months of expenses covered.. but then aren't you suppose to be building your bitcoin investment at the same time, so then if you are putting 50% of your income into your emergency funds and 50% of your income into bitcoin then do you have any money left?  Of course, sure we can recognize and appreciate that income is going to be higher than expenses. .. so you have to figure out your formulas and whether they are possible and/or reasonable to achieve.
 

After his urgent bill was deposited, it turned out that the price of Bitcoin has decreased or the possibility of profit in Bitcoin in the future is immense.
And then he needs to buy Bitcoin but he has no more money, what will he do?

There is a certain amount of an assumption that whatever is being invested is coming from income, so why the hell is he going to just run out of money after 6 months, unless he loses his income and/or loses his job.

Of course, if he unexpectedly loses his income or job, then he just has to deal with the situation and hopefully strive to find new income sources or new work, yet if he expects that he is going to lose his job in 6 months, he might not be in a position to invest into bitcoin unless he has some kind of confidence that he is goint to be able seek and/or achieve similar levels of income.

There are surely uncertainties in life, yet guys still have to attempt to be practical in terms of working within the parameters of the information that they know or they reasonably suspect in order to decide how much discretionary income that they have and/or if they have expectations of future income or not.

Then can he not take such a risk of investing his emergency fund?

Emergency fund is not for investing, and even though guys can do whatever they like, they are going to be just putting themselves into bad situations if they are being reckless with their funds and investing with their emergency funds, especially if they have not figured out and/or establish their upcoming income, so if they have no expectations of future income, then it seems that there emergency funds are supposed to be being used to support themselves until such time as they are able to assure and/or secure future income.

Since he can replenish his emergency fund within six months and he has an ongoing income stream.

You seem to be talking out of both sides of your mouth. Perhaps you need to provide some actual numbers to describe the situation that you are describing so that I (and others) can get some kind of a better picture regarding the situations that you are describing that seems to have questionable and/or contradictory circumstances.

[edited out]

 
We can never say when the price of Bitcoin will go down or increase in the future, because we can never tell the future. It is never right to delay investment to create an emergency fund.

There are many times that guys will need to just ongoingly invest into bitcoin every week to the best of their abilities for one whole cycle or maybe even two whole cycles before he might modify his investment approach... and even if he might be simultaneously building his emergency funds and his bitcoin investment until his emergency funds reaches at least 3 months of his expenses, he might not really be in a position to really consider if he has enough bitcoin to start to modify his investing approach until maybe he has built up a decent bitcoin stash.. so sure each of us has to figure out when we might start to slow down in our ongoing investment into bitcoin, yet it is not unusual for a guy investing 10% or less of his income into something like bitcoin, it may well take him 8-10 years or more before he might start that he is able to start slowing down in his bitcoin accumulation rate and/or strategies.

[Proty]

Emergency fund is not for investing, and even though guys can do whatever they like, they are going to be just putting themselves into bad situations if they are being reckless with their funds and investing with their emergency funds, especially if they have not figured out and/or establish their upcoming income, so if they have no expectations of future income, then it seems that there emergency funds are supposed to be being used to support themselves until such time as they are able to assure and/or secure future income.

yes, emergency funds is supposed to act as a safety net whenever there is unforeseen contingency or situation that threatens ones peace of mind and not to be used for investing. so many fails to understand this and are easily carried away by the intense of making profits. However when they are face with emergency or situations that threatens there peace of mind that's when they will realise the importance of emergency funds, that it sole aim is not for investing.unless one have steady source of income or upcoming income,if not using one emergency funds for investment is just like trading or gambling with one peace of mind.so it would be wise if emergency funds is strictly for emergency and discretionary income for investing in bitcoin.