Buy Buy Buy or Sell Sell Sell?

[JayJuanGee]

[edited out]

That is where you get it all wrong, emergency fund are mandatory, even if you don't have it immediately before starting your investment, you gradually build it up for 3-4 months while you use your discretionary income to start your investment.
Emergency fund is very important in our Bitcoin investment journey, there are some investor who started there bitcoin investment without emergency fund which was later build up later along the line.
So not having emergency fund at the beginning of your bitcoin investment  does not mean that it is not important to your Bitcoin investment, it helps you to keep your investment safe

As soon as your emergency funds are built up for about 3 months of your expenses you can decide to stop adding, except you want to still be increasing your emergency fund due to some personal expenses that might justify increasing your emergency funds to a higher level to at least match 3 months of your expenses, emergency funds are only for emergencies.

I would suggest that amounts that are greater than 3 months of your expenses are no longer emergency funds but instead reserve funds with more flexibility in terms of why they are being held and/or how much of them any person might feel that they need to have whether such reserve funds might be held for consumption or extra expenses or even for buying dips and various other discretionary or even extra emergency purposes... but beyond 3 months of expenses has more flexibility in terms of how it is held and/or how flexible it might need ot be in terms of liquidity (meaning where it is held as long as it might be still able to be liquidated within a few months or by the time a person might exhaust his actual emergency funds, the extra funds in reserves could potentially be made available as further back ups to cashflow shortage situations that persist beyond three months or that need more than 3 months worth of expenses cash.

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I doubt that it is enough to merely have a price and time target since bitcoin as compared with fiat is a moving target and it would likely play out too simply to just have narrow targets, especially if anyone is attempting to actually understand bitcoin as more than just a trade. .but yeah, sure people can do whatever they like in terms of their figuring out what their goals might be within the process of accumulating.. and then figuring out what comes next .. is it just getting in and out of the bitcoin or is there some attempts at maintenance involved.

Bitcoin indeed has quite a volatile and dynamic nature and this nature of bitcoin makes it very difficult and challenging to set simple price and time targets. Bitcoin's value fluctuates rapidly all the time and since Bitcoin is still relatively a new technology, its adoption and use case has the potential to evolve with time. So to truly understand Bitcoin, one needs to consider its underlying technology, it's use cases as well as market trends.

Frequently, I like to think in terms of measuring as you go but also keeping in mind how much it costs to live for a month or a year, and there can be ways to evaluate the passive income generating abilities of an asset (in this case bitcoin) as compared with its principle value.  Many times the income generating  capacity is more important since it seems that we should strive to have goals to try have our investment being sustainable, which largely means preserve the principle rather than depleting it.

Bitcoin accumulation may indeed be quite a complex process and it's pretty much normal for people to have different goals and expectations when investing. Some might focus more on HODLing for the long term, some might decide to delve into the short term, and others might decide to use it solely as a store of value or even for cross border transactions, and this is why it's important to identify your own goals before delving in, as this could potentially help you choose a strategy that aligns pretty well with that goal.

Above, you listed two goals that seem to be the same thing... I think that one of the goals is long term or storage like you mentioned, but the other goal is to have the investment in order to spend it to buy something else... whether a house, a lambo a yacht or whatever..

So, from my perspective there are goals that involve depleting the principle and goals that revolve around attempts at sustainable withdrawal.. .. and sure there can be other goals of not spending (or depleting the bitcoin at all). From my perspective, the non-spending goals would likely fit within the sustainable withdrawal category.

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I can't agree more, and I am one of those people who will still regret not buying enough Bitcoin or starting to buy it late. There is a percentage of my Bitcoin that I liquidated early, and they are all painful now. As they say, we learn by our mistakes, but this one seems bitter, even though I earn from other aspects of earning. Regardless, imagine me starting to buy Bitcoin when I know it is below $500 and keep it forever? It would have been a fortune for me now, and will continue to add to my fortune because Bitcoin is progressive. Well, I've made the change now, I've been buying and buying, and I hope in 2050, I can sing more praises instead of lamenting the past missed opportunities.

So?
That means that you have converted from a bitcoin trader into a bitcoin investor?
Perhaps?  perhaps?

Many of us likely realize that it is good to learn from our mistakes and figure out some balance that works for us in regards to our investing and our cashflow management practices, since many times it can be difficult to get outside of a traders mentality and really start to employ investor techniques and/or strategies.

I remember not very long ago, you were proclaiming that there were ways to outperform investors by knowing when to skim off the top and to play the waves.. so maybe you have come to realize that those strategies are especially risky for guys still in their accumulation phase because they end up selling too many BTC too soon, when they probably should have had just stuck with buying rather than fucking around thinking that they would be able to buy back cheaper when that might not end up working out.

Well, I am still what I am, but with a little twist, and this twist only affects my long-term Bitcoin investment (HODLING) mentality. I continue to stay true to all those views that you know, except for the target plan on the 4-year cycle liquidation. I buy different Bitcoins in different accounts for different reasons.

Yep.. it can be difficult to break bad old habits, especially if you don't consider them to be bad.

For more understanding, I liquidated almost all my Bitcoin that I started buying since 2022 in 2024 when I believed it was ripe enough, although that has been my plan. The current belief only suggests that I can just leave that different account stash (for long term) forever. This doesn't apply to all (Bitcoin in other accounts, for different purposes, especially the one you termed for trading).

Well.. you might not damage your self as much if you would be able to limit your trading account to ONLY around 10% of the size of your bitcoin investment, but yes.. of course, gamblers do not have abilities to impose such strict limits on themselves.. and they think that they are able to profit more by playing BIGGER...

Even if you are not able to limit your trading to 10%, then hopefully, you can find some kind of a reasonable balance to help you to actually get into a better mentality (perspective) in regards to your bitcoin... but yeah.. I understand that gambling (trading) is a kind of slippery-slope addiction.... and difficult to control position sizes... for the traders (gamblers) who think they got it all figured out.

However, emergency fund is not mandatory for everyone.

That is a strange statement, and I find it difficult to understand how anyone could consider themselves as an investor in bitcoin without some kind of emergency funds (or back up funds) - and surely there could be some cases in which discretionary income is guaranteed.. and so those funds may well be serving as emergency funds.

Essentially, it makes no sense to me to proclaim that emergency funds are not mandatory... especially if we are talking in terms of investing rather than gambling.. Sure, if you are gambling then there are a lot of things that you can do that no rational person would do, absent some dire circumstances in which they might not have a choice.

It is indeed a very strange statement to say that Emergency funds is not mandatory. Anyone who is really interested in bitcoin investment would understand that Emergency funds is a must have to safeguard your bitcoin stash. Anyone who sees emergency funds as not mandatory is either a trader or not ready for bitcoin investment. Gamblers sometimes disguise as investors to spread some false information about bitcoin accumulation and investment strategies.

But there some common unambiguous knowledge that anyone should have...one of them is that Emergency funds is a must have if you really aim at holding for a long time. Tampering with your emergency funds is also another way of leaving bitcoin investment any moment.

Several times in this thread, and maybe some of the related threads, we have observed that there are likely a lot of people (especially rich people) who have a lot of various resources, including that they may well have friends and family that would bail them out of short-term cashflow situations.. such as.. this might be dad or mom.. : 

"0h shit, son.. you invested in bitcoin on the dip and you don't have enough money in the bank to cover your rent, car payments or to go on your planned trip to Hawaii for the upcoming weekend..   . no problem.. .. sure, I wished that you had some better cashflow management skills, but that is not a problem and you can just figure all of that later. ... in the meantime, here is a $20k loan.. .. just pay me back whenever you get your cashflow situation back in order"  .. .

In these kinds of rich people situations, the $20k "loan" may not even need to get paid back. .and the son might even have some.. other back up ways to get money in case dad or mom did not bail him out.

In my opinion, emergency funds are not only a must when investing in bitcoin. But we must still have emergency funds even if we do not invest in any assets. So with this, it is certain that if we invest in bitcoin, we must have an emergency fund. Especially for people who already have families who have more needs. Because for people who are still single, emergency funds are still needed if we invest in bitcoin.

Hopefully, you are able to figure out some kind of a balance.

And surely if you are in a situation in which your income and/or your expenses are erratic, then I would consider that you are likely holding over reserve funds and/or floating funds, which means that money that you are holding over is not available for investing - it happens to be part of your expense.. so you cannot invest that money until it is clearly part of your discretionary funds.  And, yeah, it can take a decent amount of time to build up your income and/ir to have your expenses in a good enough place that you are able to identify discretionary income that you are able to invest.

Families are not the only ones with erratic expenses, and similarly with businesses, there may well be needs to hold more funds in reserves for businesses too, and so that money is not really "emergency" but instead just part of expenses or anticipated expenses that are needed to keep on hand for the running of the business... and if those funds are always tight, then the business (or the family man) does not have discretionary money available for investing into bitcoin.. .. and so I would not call those kinds of funds "emergency funds" since they are serving a bit of a different purpose.. .and yeah, you are likely correct that you cannot invest into bitcoin if you don't have enough discretionary income that surpasses your anticipated expenses..

Now, if your family is causing you expenses that you deem to be unwarranted, then you might well need to engage in efforts to remedy those kinds of situations, and if you are not able to remedy the situation to reduce the expense, then you likely just need to keep more funds on hand in order to be able to deal with those extra expenses during the times that they come. .since they seem to be somewhat anticipated in advance, even if it seems that you might not exactly know the specifics of those expenses in advance.

But it's a different story for people who are rich, or born from rich people. Of course, people like that don't need to worry about emergency funds.

Even if rich folks might not purposefully set aside emergency funds, yeah, you are correct, they may already naturally have such funds that they are able to draw upon and so in that regard they have advantages over poor people and in that regard poor people need to be more purposeful and more organized in order to not fuck up their cashflow situation or their investment by overdoing their investment into bitcoin if the do not have adequate funds in order to make sure that they are spending within their discretionary funds and not beyond their discretionary funds.

Because basically when experiencing an emergency, people like that will definitely be helped immediately. Whether it's an accident, illness, or something else that is an emergency. Because basically their family is rich. So when they invest in bitcoin, even without having an emergency fund, they will definitely be safe.

Rich people can still fuck up, but yeah, essentially you are correct that they tend to have a lot of back up resources as compared with poor folks...so poor folks need to be more organized and more deliberate in order to get ahead and not to fuck up their various opportunities.

But for middle-class people, I think emergency funds are still very much needed. Because of course when an emergency comes, our grip is only on the emergency fund and we cannot rely on other people. Because if you don't have emergency funds, of course the Bitcoin you have collected will be the victim.

There is no reason to argue semantics.. People with more resources and higher level of discretionary funds have more options, so it is a matter of degree and surely anyone can end up screwing things up, yet the punchline of the matter is that folks who are poorer need to be more organized to be able to put themselves in situations in which they are building their funds and building their back up funds and building their options. so it can take a while with someone with few resources to build up his situation in terms of both his investments and his cashflow management systems so that he can end up having various kinds of financial cushions and in order to be abl eto increase his aggressiveness in regards to his bitcoin investment.

However, emergency fund is not mandatory for everyone.

That is a strange statement, and I find it difficult to understand how anyone could consider themselves as an investor in bitcoin without some kind of emergency funds (or back up funds) - and surely there could be some cases in which discretionary income is guaranteed.. and so those funds may well be serving as emergency funds.

Essentially, it makes no sense to me to proclaim that emergency funds are not mandatory... especially if we are talking in terms of investing rather than gambling.. Sure, if you are gambling then there are a lot of things that you can do that no rational person would do, absent some dire circumstances in which they might not have a choice.

It is indeed a very strange statement to say that Emergency funds is not mandatory. Anyone who is really interested in bitcoin investment would understand that Emergency funds is a must have to safeguard your bitcoin stash. Anyone who sees emergency funds as not mandatory is either a trader or not ready for bitcoin investment. Gamblers sometimes disguise as investors to spread some false information about bitcoin accumulation and investment strategies.

But there some common unambiguous knowledge that anyone should have...one of them is that Emergency funds is a must have if you really aim at holding for a long time. Tampering with your emergency funds is also another way of leaving bitcoin investment any moment.

Several times in this thread, and maybe some of the related threads, we have observed that there are likely a lot of people (especially rich people) who have a lot of various resources, including that they may well have friends and family that would bail them out of short-term cashflow situations.. such as.. this might be dad or mom.. : 

In these kinds of rich people situations, the $20k "loan" may not even need to get paid back. .and the son might even have some.. other back up ways to get money in case dad or mom did not bail him out.

To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.

You are ultimately in control of everything related to your investment and your cashflow management, so if you want to be a dumb fuck and perceive that ideas are being pushed on you then that is your choice to stay dumb and not figure out the rationale behind the ideas.

First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.

Of course.  You should not be investing what you cannot afford to lose.

If you are investing what you cannot afford to lose, then you are gambling rather than investing.

In the end, though, you can do whatever the fuck you like.. and be dumb about it.  You are in charge of your investment choices and/or your cashflow management choices.

Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.

First off.  Hopefully you are not fucking around with "crypto" or shitcoins.. We are talking about bitcoin here, but yeah, of course, guys get distracted into trading, and surely traders get distracted into shitcoins.

Second.  Regarding position size, hopefully any investment that you are making into bitcoin is coming from your discretionary income and you are not investing beyond your discretionary income.   The extent to which you have back up funds (and/or emergency funds) can help you out if you make mistakes in calculating your discretionary income, and having those back up funds can also help you out if you have extra expenses and/or short falls in your income.

Third.  The longer you invest into bitcoin and build up your various cashflow management systems, then it is likely the more comfortable you will become with whatever balances you choose to make. Participating in threads like this can help you to become smarter about how you go about it, so you might not make as many mistakes. Even though experience is a good teacher, sometimes we can learn various tricks from the experiences  and ideas of others (including members of a forum like this).

But does it really have to be called “emergency funds”?

Emergency funds is a kind of back up funds.

One of the advantages in regards to labels is to help to distinguish and to organize yourself in better ways.. so for example, if a guy is investing in BTC for a while and building up his emergency funds, he may well come to realize that if he gets to a point that he has to dip into his emergency funds, then he is getting into a pretty desperate situation.. . .so he may well want to structure his cashflow management and the various ways that he is spending money so that he never has to tap into his emergency funds and he can likely lead a much more comfortable life in terms of understanding the limits of his aggressiveness in his investing and including potentially getting to his overaccumualtion status quicker than he would otherwise.. because he is more organized and he is not screwing himself up due to his own mistakes.

It is up to you what you want to call things, yet if you fight with some of the terms, you might not be attempting to engage with the ideas and/or figuring out the rationale behind the labels... and yeah, in the end you can do what you liek and learn from your experiences, and hopefully you do not end up fucking up so much that you never are able to recover, which sometimes happens to guys who think they know everything and they manage their investments badly and they fail/refuse to engage in solid (strong) cashflow management practices.

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You're absolutely right, I've come to understand that there are so many folks who do invest in Bitcoin who are from a rich and wealthy family and they don't seems to know what emergency, reserved funds is all about, because they always have cash or money to save them from any emergency situation they might find themselves in, they have family members or parents who are there to always help them with some bills and expenses they don't even have to struggle with getting a job or source of income, there wealth is there to always keep them a floating, they don't even have to touch there Bitcoin investment because everything they need and require is always mapped out for them.

Some rich folks also have bad habits because they never learned some of the underlying matters, yet I am not going to proclaim that rich people are dumb because sometimes you do not need to suffer in order to learn good habits.. so even if a rich person might have had gotten bailed out all his life, he still might have had learned some good habits along the way, too.  Perhaps? perhaps?

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You cannot outsmart the market in the long run because bitcoin price increases overtime. Your price target to take profit as a trader is very small compared to the height that bitcoin price will reach in future. I believe that you are in regrets now for not having those quantity of bitcoin that you sold very cheap at $73+ or so. You will appreciate investing in bitcoin if you can only build and grow your bitcoin stash for more than two circles with only buying and not selling, but when your mindset is in a short term, you cannot resist the temptation of selling.

Don't have a price target to sell but have a bitcoin target to accumulate, it will help you overcome the temptation of selling too soon without reaching your bitcoin target.

Should I view this as spam or what? Or are you writing to seek @JayJuanGee's merit? Because your response is just uncalled for, your opinion doesn't count here, please.

Whoops.  I already sent him an smerit..

It was a direct response to @JayJuanGee, and has tackled all aspects of whatever you can use your Bitcoin for in the form of diversification, so why preach against what is working for me, even when I do long-term investment as well? Please, keep your approach to Bitcoin investing to yourself. Your style and plan mustn't be my style and plan.

This is an open thread.. so guys can respond to any of the posts of other members.  You seem to believe that some of the members (including Sim_card) are brain washed or they are not posting within their own ideas because they are ONLY seeking the receipt of smerits. There is a bit of a problem with that approach, even if there is truth in the assertion that members seek the receipt of smerits.. ,,

It seems better to address the substance of their posts rather than merely accusing them to be biased or brainwashed or without valid comments.

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That's true most of folks are not bothered with emergency funds that much because their guidance usually act like one for them, like some one who is still leaving in Under his parents roof and same time accumulating Bitcoin for instance, are in advantage . Because their parents are going to be one taken care of their need while they use their allowance to accumulate Bitcoin, especially when the folk have a well paying skill that can earn he or she some extra bucks .

So for such person emergency funds is not completely necessary, because their parents has already being playing such role for them in taken care of their needs and stuff .

Even if they might not realize that it is emergency funds, it still is good for us to think about their having emergency funds, and part of the reason that normies (and especially poor folks) have to purposefully organize themselves in order to strive to have good systems and practices in place in order to attempt to account for their situation and the reasons that poor people need to be more organized and even better in their various cashflow management systems in order to get ahead and not to end up fucking up because they were inadequately accounting for their own vulnerabilities.

Guys frequently compare  themselves to Miichael Saylor. ;and if they are poor, they will end up fucking themselves up if they even come close to trying to employ similar levels of aggressiveness as Saylor/MSTR in their own BTC investment style and/or their cashfllow management practices.

[ejikeme24]

Emergency fund is not mandatory for investment, if the investor does not give it much importance, there is no problem, but I think the investor should give importance to his continuous investment. The more serious an investor is about his investment and the more consistent he is, the stronger his investment will be. Basically, emergency fund is a very secondary issue for an investor. Those who have sufficient financial solvency and are very serious about their investment usually form emergency fund. The advantage of emergency fund is that if the investor fails to invest consistently, then that investor can use his emergency fund and when his financial condition returns to normal, he can replenish his fund with money. However, emergency fund is not mandatory for everyone.

You seems to be missing the whole concept here, maybe when you start your own accumulating journey you can choose not to set up your emergency fund Instead of including others, since you think is not mandatory, i can only agree with you if you said that emergency fund is optional when getting started. But once you reach two weeks of accumulation then you have to start looking for a way to set up an emergency fund, your emergency fund is what will guide you until you reach your investment goal in case you have forgotten, because if you don't set up emergency fund along the line there's every possibility that you will temper your bitcoin investment some day. And this will happen unexpectedly, so I will advice you don't mislead yourself here.

[Popkon6]

Emergency fund is not mandatory for investment, if the investor does not give it much importance, there is no problem, but I think the investor should give importance to his continuous investment. The more serious an investor is about his investment and the more consistent he is, the stronger his investment will be. Basically, emergency fund is a very secondary issue for an investor. Those who have sufficient financial solvency and are very serious about their investment usually form emergency fund. The advantage of emergency fund is that if the investor fails to invest consistently, then that investor can use his emergency fund and when his financial condition returns to normal, he can replenish his fund with money. However, emergency fund is not mandatory for everyone.

You yourself are confused and are confusing others, if you are a gambler then you have shown signs of addiction. Because by investing in Bitcoin you have to move towards the future in such a way that there is no shortage of the present. You will definitely understand why you need an emergency fund.
Because you are doing your Bitcoin investment regularly according to the DCA method, suddenly you become ill and could not join the work, what can you do immediately? Of course, there is a need for an emergency fund here, an emergency fund is necessary for this, if you have to face any danger, then this emergency fund has to be used. That is why we use an emergency fund so that there is no danger when moving towards the future with Bitcoin investment.

[laijsica]

Emergency fund is not mandatory for investment, if the investor does not give it much importance, there is no problem, but I think the investor should give importance to his continuous investment. The more serious an investor is about his investment and the more consistent he is, the stronger his investment will be. Basically, emergency fund is a very secondary issue for an investor. Those who have sufficient financial solvency and are very serious about their investment usually form emergency fund. The advantage of emergency fund is that if the investor fails to invest consistently, then that investor can use his emergency fund and when his financial condition returns to normal, he can replenish his fund with money. However, emergency fund is not mandatory for everyone.

You seems to be missing the whole concept here, maybe when you start your own accumulating journey you can choose not to set up your emergency fund Instead of including others, since you think is not mandatory, i can only agree with you if you said that emergency fund is optional when getting started. But once you reach two weeks of accumulation then you have to start looking for a way to set up an emergency fund, your emergency fund is what will guide you until you reach your investment goal in case you have forgotten, because if you don't set up emergency fund along the line there's every possibility that you will temper your bitcoin investment some day. And this will happen unexpectedly, so I will advice you don't mislead yourself here.

Some people are confused about emergency funds because they don’t have enough floating funds or discretionary income. We may have differences of opinion on what kind of strategy they should follow when it comes to Bitcoin but ultimately we can conclude that you should limit your emergency fund requirement to start Bitcoin (if you don't have any don't pressure yourself). What I mean is that if someone has a very small discretionary income, they should start accumulation Bitcoin. By studying Bitcoin and practicing they will start to become more aware of investments and will be tempted to do it for the long term and will be motivated to increase their alternative income. Starting Bitcoin can motivate them in the long term.

Those investors will also know that they will have to protect their Bitcoin holdings, so they will build an emergency fund to find ways to do so, which is a matter of aligning them. Those long-term investors will eventually realize that the need for an emergency fund is very important to continue long-term Bitcoin accumulation. In most cases it should be mandatory regardless of your financial capacity. At the same time you should focus on all aspects of financial stability, income status, and each of them for long term holding.

[AirtelBuzz]

To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.
First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.
Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.
But does it really have to be called “emergency funds”?

Hey @Slimzeee think flexibly and with experience, this seems like a strange sentence because how can people plan to struggle and invest without an emergency fund? When it comes to investing, it's said to invest as much as you can but it doesn't mean you should stop spending money on your emergency fund. In light of your opinion it is correct to say that if you don't have a backup fund or emergency fund, your back will simply break in uncomfortable situations. Moreover @Slimzeee if you really prioritized Bitcoin investments so much, you wouldn't have to use this phrase to find a way to prevent future problems with your holdings. I still know that in life, an emergency fund is not an optional thing but is considered a necessity, whether to protect the family or to protect investments.

Plan some time to literally close your eyes, if someone does not receive free healthcare in their country and does not even have a backup fund at that time, what would be the process? My curious mind says there are a few things that you should spend money on in this context take an example it can be mentioned that necessary expenses, investments, savings, and emergency funds must be adhered to.

[GIF-JOBS]

Emergency fund is not mandatory for investment, if the investor does not give it much importance, there is no problem, but I think the investor should give importance to his continuous investment. The more serious an investor is about his investment and the more consistent he is, the stronger his investment will be. Basically, emergency fund is a very secondary issue for an investor. Those who have sufficient financial solvency and are very serious about their investment usually form emergency fund. The advantage of emergency fund is that if the investor fails to invest consistently, then that investor can use his emergency fund and when his financial condition returns to normal, he can replenish his fund with money. However, emergency fund is not mandatory for everyone.

You yourself are confused and are confusing others, if you are a gambler then you have shown signs of addiction. Because by investing in Bitcoin you have to move towards the future in such a way that there is no shortage of the present. You will definitely understand why you need an emergency fund.
Because you are doing your Bitcoin investment regularly according to the DCA method, suddenly you become ill and could not join the work, what can you do immediately? Of course, there is a need for an emergency fund here, an emergency fund is necessary for this, if you have to face any danger, then this emergency fund has to be used. That is why we use an emergency fund so that there is no danger when moving towards the future with Bitcoin investment.

I agree with you, we can never predict when an unexpected situation will occur in our daily lives, people's lives can become uncertain at any time, any kind of danger can come very naturally, so not only investing is not enough, but you also have to ensure all kinds of security to keep your investment safe, and for this, there is no an alternative an emergency fund. In addition to DCA, it is essential to prepare an emergency fund, an emergency fund is actually the security of your investment, which will protect your investment from loss. Therefore, people should understand the importance of both the DCA strategy for Bitcoin investment and the emergency fund to protect investment, and should definitely pay attention to these two things.

[Barikui1]

Emergency fund is not mandatory for investment, if the investor does not give it much importance, there is no problem, but I think the investor should give importance to his continuous investment. The more serious an investor is about his investment and the more consistent he is, the stronger his investment will be. Basically, emergency fund is a very secondary issue for an investor. Those who have sufficient financial solvency and are very serious about their investment usually form emergency fund. The advantage of emergency fund is that if the investor fails to invest consistently, then that investor can use his emergency fund and when his financial condition returns to normal, he can replenish his fund with money. However, emergency fund is not mandatory for everyone.

You yourself are confused and are confusing others, if you are a gambler then you have shown signs of addiction. Because by investing in Bitcoin you have to move towards the future in such a way that there is no shortage of the present. You will definitely understand why you need an emergency fund.
Because you are doing your Bitcoin investment regularly according to the DCA method, suddenly you become ill and could not join the work, what can you do immediately? Of course, there is a need for an emergency fund here, an emergency fund is necessary for this, if you have to face any danger, then this emergency fund has to be used. That is why we use an emergency fund so that there is no danger when moving towards the future with Bitcoin investment.

Does he even knows the functions of an emergency funds? Because anyone that knows the functions of an emergency funds wouldn't be talking about it like it's optional, no it's a must if your investment should last through to any time you intend holding it.

Anyone that thinks that emergency funds is not necessary in Bitcoin investment is either ignorant or not serious about his investment because it is what protects your holdings from any unforseen emergencies that may threatens your Bitcoin holdings, but in the case of this platinumys of a guy, I feel that he is not just serious about his Bitcoin investment, he prefers gambling on shit coin than investing in Bitcoin that is more reliable and rewarding on the longer run.

[Kelward]

To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.
First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.
Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.
But does it really have to be called “emergency funds”?

Hey @Slimzeee think flexibly and with experience, this seems like a strange sentence because how can people plan to struggle and invest without an emergency fund? When it comes to investing, it's said to invest as much as you can but it doesn't mean you should stop spending money on your emergency fund. In light of your opinion it is correct to say that if you don't have a backup fund or emergency fund, your back will simply break in uncomfortable situations. Moreover @Slimzeee if you really prioritized Bitcoin investments so much, you wouldn't have to use this phrase to find a way to prevent future problems with your holdings. I still know that in life, an emergency fund is not an optional thing but is considered a necessity, whether to protect the family or to protect investments.

Plan some time to literally close your eyes, if someone does not receive free healthcare in their country and does not even have a backup fund at that time, what would be the process? My curious mind says there are a few things that you should spend money on in this context take an example it can be mentioned that necessary expenses, investments, savings, and emergency funds must be adhered to.

If you are on DCA strategy to continuously accumulate for the long term that means that you must consider emergency funds so that you won't be tempted to sell your Bitcoin prematurely. There is need to plan for unforseen expenses because nobody knows tomorrow, health issues can happen, unexpected bills or loss of acomodation due to natural or man made disasters. If you don't have emergency funds at hand things can get out of hand that is why it's importance cannot be overemphasized. People undertakes many types of insurance because of unforseen events and the premium they pay is part of emergency fund.

If you're going into Bitcoin investment you need to first have a budget for your income before knowing whether you're qualified to start. For those that have started they need budget to know whether they're continuing or taking a break. Starting DCA is simple but sustaining it is where the challange lies for low income earners, there's no gain in buying today and being in dire need of money in a couple of days then selling it. Income earners should have a sound and feasible financial management plan that includes basic expenses, discretionary funds from where emergency and DCA funds comes out from.

[ultrloa]

Emergency fund is not mandatory for investment, if the investor does not give it much importance, there is no problem, but I think the investor should give importance to his continuous investment. The more serious an investor is about his investment and the more consistent he is, the stronger his investment will be. Basically, emergency fund is a very secondary issue for an investor. Those who have sufficient financial solvency and are very serious about their investment usually form emergency fund. The advantage of emergency fund is that if the investor fails to invest consistently, then that investor can use his emergency fund and when his financial condition returns to normal, he can replenish his fund with money. However, emergency fund is not mandatory for everyone.

You yourself are confused and are confusing others, if you are a gambler then you have shown signs of addiction. Because by investing in Bitcoin you have to move towards the future in such a way that there is no shortage of the present. You will definitely understand why you need an emergency fund.
Because you are doing your Bitcoin investment regularly according to the DCA method, suddenly you become ill and could not join the work, what can you do immediately? Of course, there is a need for an emergency fund here, an emergency fund is necessary for this, if you have to face any danger, then this emergency fund has to be used. That is why we use an emergency fund so that there is no danger when moving towards the future with Bitcoin investment.

Does he even knows the functions of an emergency funds? Because anyone that knows the functions of an emergency funds wouldn't be talking about it like it's optional, no it's a must if your investment should last through to any time you intend holding it.

Anyone that thinks that emergency funds is not necessary in Bitcoin investment is either ignorant or not serious about his investment because it is what protects your holdings from any unforseen emergencies that may threatens your Bitcoin holdings, but in the case of this platinumys of a guy, I feel that he is not just serious about his Bitcoin investment, he prefers gambling on shit coin than investing in Bitcoin that is more reliable and rewarding on the longer run.

I don't know why they don't see the importance of emergency funds while the fact it can save their life in future emergency situation.

Now I understand why there are people struggle to meet their immediate needs since they don't pay much importance on this. That's why when those critical situation came they breakdown and struggle to find some funds then think about using those funds they invest or borrow money from loan sharks and pay huge interest from the money they borrowed.

Having an emergency fund is essential and they should not downplay its usefulness since everyone of us would provably face difficulties in future and its better that we are ready so that we will not collapse.

[Kagaru]

I don't know why they don't see the importance of emergency funds while the fact it can save their life in future emergency situation.

Now I understand why there are people struggle to meet their immediate needs since they don't pay much importance on this. That's why when those critical situation came they breakdown and struggle to find some funds then think about using those funds they invest or borrow money from loan sharks and pay huge interest from the money they borrowed.

Having an emergency fund is essential and they should not downplay its usefulness since everyone of us would provably face difficulties in future and its better that we are ready so that we will not collapse.

Exactly. Having an emergency fund is just to ensure that you do not melt into the fund you invested in, when unexpected issues come your way in life. It is not about whether a person is rich or poor, it is about readiness. When you invest regularly but cannot use it when you lose your job or when you get sick, then what is the point of investing long term when you cannot even survive your short term? The best investor will be one who safeguards his investment, and not one who continues to pour his money there without a clue. Emergency money is not optional, it is a strategy when you are really serious.

[Jostern]

However, emergency fund is not mandatory for everyone.

That is a strange statement, and I find it difficult to understand how anyone could consider themselves as an investor in bitcoin without some kind of emergency funds (or back up funds) - and surely there could be some cases in which discretionary income is guaranteed.. and so those funds may well be serving as emergency funds.

Essentially, it makes no sense to me to proclaim that emergency funds are not mandatory... especially if we are talking in terms of investing rather than gambling.. Sure, if you are gambling then there are a lot of things that you can do that no rational person would do, absent some dire circumstances in which they might not have a choice.

It is indeed a very strange statement to say that Emergency funds is not mandatory. Anyone who is really interested in bitcoin investment would understand that Emergency funds is a must have to safeguard your bitcoin stash. Anyone who sees emergency funds as not mandatory is either a trader or not ready for bitcoin investment. Gamblers sometimes disguise as investors to spread some false information about bitcoin accumulation and investment strategies.

But there some common unambiguous knowledge that anyone should have...one of them is that Emergency funds is a must have if you really aim at holding for a long time. Tampering with your emergency funds is also another way of leaving bitcoin investment any moment.

Several times in this thread, and maybe some of the related threads, we have observed that there are likely a lot of people (especially rich people) who have a lot of various resources, including that they may well have friends and family that would bail them out of short-term cashflow situations.. such as.. this might be dad or mom.. : 

In these kinds of rich people situations, the $20k "loan" may not even need to get paid back. .and the son might even have some.. other back up ways to get money in case dad or mom did not bail him out.

To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.
First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.
Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.
But does it really have to be called “emergency funds”?

Well nobody is pressing an emergency funds on anyone's neck. But if you're someone that is serious with your investment and you want to safeguard your investment it's wise to have an emergency funds, but not mandatory for you to have an emergency funds since you feel it's more like people are pressing your neck, Come to think of it I know some guys who have money and are from families that have money like rich guys and wealthy family, More like a wealthy parents who are investigating in Bitcoin, whenever they hit a rock bottom in there life they don't even have to worry about there investment, they have parents who will say SLIMZEE you can have this money since you're investing in Bitcoin and you have this emergency to sort out, probably a loan and they don't even have to pay back that mortgage, I'm forced to think that you falls into this category of folks.

[Gallar]

Because basically when experiencing an emergency, people like that will definitely be helped immediately. Whether it's an accident, illness, or something else that is an emergency. Because basically their family is rich. So when they invest in bitcoin, even without having an emergency fund, they will definitely be safe.

Rich people can still fuck up, but yeah, essentially you are correct that they tend to have a lot of back up resources as compared with poor folks...so poor folks need to be more organized and more deliberate in order to get ahead and not to fuck up their various opportunities.

Yes, besides that, most rich people always have insurance, be it health insurance, vehicle insurance, or others. That way, they will not have difficulty when facing an emergency situation. So their investment in bitcoin will definitely be quite smooth because of this aspect. But even so, for people who are categorized as not yet rich, never give up on being able to successfully invest in bitcoin. Because basically if we have the will there will definitely be a way that we can take no matter how difficult it is. Because basically, many rich people today also started their careers from scratch. Therefore, for bitcoin investors who are currently still in the middle category in terms of their finances, never give up on continuing to do DCA in bitcoin. Because I am sure that if we are able to consistently do DCA in bitcoin within a period of 10-15 years, I am sure our financial situation will be much better. And as JJG said, we have to be able to manage everything well, especially when we invest in bitcoin.

[BitBakerr1]

Emergency fund is not mandatory for investment, if the investor does not give it much importance, there is no problem, but I think the investor should give importance to his continuous investment. The more serious an investor is about his investment and the more consistent he is, the stronger his investment will be. Basically, emergency fund is a very secondary issue for an investor. Those who have sufficient financial solvency and are very serious about their investment usually form emergency fund. The advantage of emergency fund is that if the investor fails to invest consistently, then that investor can use his emergency fund and when his financial condition returns to normal, he can replenish his fund with money. However, emergency fund is not mandatory for everyone.

You yourself are confused and are confusing others, if you are a gambler then you have shown signs of addiction. Because by investing in Bitcoin you have to move towards the future in such a way that there is no shortage of the present. You will definitely understand why you need an emergency fund.
Because you are doing your Bitcoin investment regularly according to the DCA method, suddenly you become ill and could not join the work, what can you do immediately? Of course, there is a need for an emergency fund here, an emergency fund is necessary for this, if you have to face any danger, then this emergency fund has to be used. That is why we use an emergency fund so that there is no danger when moving towards the future with Bitcoin investment.

I agree with you, we can never predict when an unexpected situation will occur in our daily lives, people's lives can become uncertain at any time, any kind of danger can come very naturally, so not only investing is not enough, but you also have to ensure all kinds of security to keep your investment safe, and for this, there is no an alternative an emergency fund. In addition to DCA, it is essential to prepare an emergency fund, an emergency fund is actually the security of your investment, which will protect your investment from loss. Therefore, people should understand the importance of both the DCA strategy for Bitcoin investment and the emergency fund to protect investment, and should definitely pay attention to these two things.

GIF-JOBS you are right, it is very true that unexpectable things can happen which may lead you to dip hands into your Bitcoin investment, and that is why having a backup funds is important so as to help prevent dipping hands into your Bitcoin investment in the future when the unexpected happens.
Some set of people may say what if the unexpected or emergency eat up all your backup funds and you still dipping hands into your Bitcoin investment what is then the need and importance of backup funds, first of all I pray as investors that we never fall in a situation where we have to use up all our backup funds to solve an emergency and is still not enough and we end up dipping hands into our Bitcoin investment, but even if such emergency or problem happens in our life if you have backup funds and it end up eating up all your backup funds and then you still dipped hand into your Bitcoin investment to solve the emergency it is better that way than for you to stay without a backup funds and a situation like that happened, you will sell all your Bitcoin and still the emergency or issue is still there and since you don't have backup funds to support you the emergency or issue will end up destroying your life so you see backup funds is very much important no matter what.

[Bluedrem]

That's true most of folks are not bothered with emergency funds that much because their guidance usually act like one for them, like some one who is still leaving in Under his parents roof and same time accumulating Bitcoin for instance, are in advantage . Because their parents are going to be one taken care of their need while they use their allowance to accumulate Bitcoin, especially when the folk have a well paying skill that can earn he or she some extra bucks .

So for such person emergency funds is not completely necessary, because their parents has already being playing such role for them in taken care of their needs and stuff .

There is a big difference between self-reliance and dependency. As you said, there are many who want to invest their entire income in Bitcoin, they do not think about an emergency fund because if they ever need emergency money, their parents will provide them with that money.
Yes, it can be, if there is more than one income in a family, one is less and everyone is dependent on everyone, then they can invest in Bitcoin from the remaining income after excluding basic needs and emergency fund money.
However, it should be remembered that the amount of money you are saving in an emergency fund for one person, if you want to save for five people at once, then you will have to increase the amount of money in the emergency fund.

Just as investment is important for survival and meeting financial needs in the future, so is the importance of an emergency fund.

[Princess Leah]

Yes, besides that, most rich people always have insurance, be it health insurance, vehicle insurance, or others. That way, they will not have difficulty when facing an emergency situation. So their investment in bitcoin will definitely be quite smooth because of this aspect. But even so, for people who are categorized as not yet rich, never give up on being able to successfully invest in bitcoin. Because basically if we have the will there will definitely be a way that we can take no matter how difficult it is. Because basically, many rich people today also started their careers from scratch. Therefore, for bitcoin investors who are currently still in the middle category in terms of their finances, never give up on continuing to do DCA in bitcoin. Because I am sure that if we are able to consistently do DCA in bitcoin within a period of 10-15 years, I am sure our financial situation will be much better. And as JJG said, we have to be able to manage everything well, especially when we invest in bitcoin.

What most poor people don't understand is that they can't get very rich through Bitcoin and enjoy those benefits but what it takes is patience, poor people should allow desperation force them to make wrong choices, there's no harm in starting small and growing gradually till it get bigger and better, at first they'll have to adapt to their level of income then on the long run they'll definitely enjoy those benefits the rich enjoy through insurance.

 Patience is a virtue and many poor people lack it that's why they choose the path of quick gains forgetting that one won't always be lucky. Bitcoin has already assured every class of investor the path to wealth or more wealth if they follow it diligently with a good strategy which is the DCA so there's no excuse, everything is just about determination and a poor person is determined to be wealthy in future then being patient shouldn't be an issue.

[ChocolateBitcoinK]

Yes, besides that, most rich people always have insurance, be it health insurance, vehicle insurance, or others. That way, they will not have difficulty when facing an emergency situation. So their investment in bitcoin will definitely be quite smooth because of this aspect. But even so, for people who are categorized as not yet rich, never give up on being able to successfully invest in bitcoin. Because basically if we have the will there will definitely be a way that we can take no matter how difficult it is. Because basically, many rich people today also started their careers from scratch. Therefore, for bitcoin investors who are currently still in the middle category in terms of their finances, never give up on continuing to do DCA in bitcoin. Because I am sure that if we are able to consistently do DCA in bitcoin within a period of 10-15 years, I am sure our financial situation will be much better. And as JJG said, we have to be able to manage everything well, especially when we invest in bitcoin.

What most poor people don't understand is that they can't get very rich through Bitcoin and enjoy those benefits but what it takes is patience, poor people should allow desperation force them to make wrong choices, there's no harm in starting small and growing gradually till it get bigger and better, at first they'll have to adapt to their level of income then on the long run they'll definitely enjoy those benefits the rich enjoy through insurance.

 Patience is a virtue and many poor people lack it that's why they choose the path of quick gains forgetting that one won't always be lucky. Bitcoin has already assured every class of investor the path to wealth or more wealth if they follow it diligently with a good strategy which is the DCA so there's no excuse, everything is just about determination and a poor person is determined to be wealthy in future then being patient shouldn't be an issue.

I agree with you, the biggest problem of a poor person is that, they always think about making profit quickly and they do not have long-term patience, but they should understand that if you want to get something good, you must be patient, big success never comes overnight, and the same is true for Bitcoin, Bitcoin is a long-term currency so you should never expect to make short-term profits from Bitcoin.

When people understand the real power of Bitcoin, then they will be able to decide to hold it for the long term, they should think about Bitcoin consistently, leaving aside all kinds of short-term thoughts, DCA is the right decision, no matter that how much low or whatever your income, those who consistently do DCA in small amounts, if they can hold it for the long term, they will also get very good results, completely remove the thought of short-term price volatility from your mind, short-term volatility is the nature of Bitcoin, so it cannot be ignored in any way and it is never a big problem.

But those who get frustrated by this volatility and panic and sell their holdings, they will only face losses every time, and will only be disappointed. So first build your financial discipline, have a strong source of income along with proper financial management, and invest consistently through DCA and decide to hold it for the long term. Long-term patience is never difficult, all you need is real faith in Bitcoin and proper financial management, it is definitely possible to build a strong financial foundation in the long term.

[Mehmet69]

To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.
First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.
Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.
But does it really have to be called “emergency funds”?

Hey @Slimzeee think flexibly and with experience, this seems like a strange sentence because how can people plan to struggle and invest without an emergency fund? When it comes to investing, it's said to invest as much as you can but it doesn't mean you should stop spending money on your emergency fund. In light of your opinion it is correct to say that if you don't have a backup fund or emergency fund, your back will simply break in uncomfortable situations. Moreover @Slimzeee if you really prioritized Bitcoin investments so much, you wouldn't have to use this phrase to find a way to prevent future problems with your holdings. I still know that in life, an emergency fund is not an optional thing but is considered a necessity, whether to protect the family or to protect investments.

Plan some time to literally close your eyes, if someone does not receive free healthcare in their country and does not even have a backup fund at that time, what would be the process? My curious mind says there are a few things that you should spend money on in this context take an example it can be mentioned that necessary expenses, investments, savings, and emergency funds must be adhered to.

You have described a very beautiful situation. But I feel very bad for those people who do not even understand that an emergency fund and investing in Bitcoin are two different and important things. Many do not try to understand that these two things complement each other.

There are many people around me, if I try to convince them that you should create an emergency fund, they will not listen to me but listen to my logic. Those inexperienced investors start explaining that if we face any big problem, the money we invest will save us from the trouble. This is one thing I have not understood them till date that they are wrong. Investing is not to fill the space of our emergency fund. There are also many people here who think that in an emergency situation we will break the investment and finish the work and start investing again later. But this is a wrong approach. Investment cannot be broken to deal with any situation. In this way, we will never reach our goal.

Discretionary income and emergency fund are equally important for investing in Bitcoin. Therefore, along with starting our investments, we also need to start working on our emergency fund.

[sotelorene]

However, emergency fund is not mandatory for everyone.

That is a strange statement, and I find it difficult to understand how anyone could consider themselves as an investor in bitcoin without some kind of emergency funds (or back up funds) - and surely there could be some cases in which discretionary income is guaranteed.. and so those funds may well be serving as emergency funds.

Essentially, it makes no sense to me to proclaim that emergency funds are not mandatory... especially if we are talking in terms of investing rather than gambling.. Sure, if you are gambling then there are a lot of things that you can do that no rational person would do, absent some dire circumstances in which they might not have a choice.

It is indeed a very strange statement to say that Emergency funds is not mandatory. Anyone who is really interested in bitcoin investment would understand that Emergency funds is a must have to safeguard your bitcoin stash. Anyone who sees emergency funds as not mandatory is either a trader or not ready for bitcoin investment. Gamblers sometimes disguise as investors to spread some false information about bitcoin accumulation and investment strategies.

But there some common unambiguous knowledge that anyone should have...one of them is that Emergency funds is a must have if you really aim at holding for a long time. Tampering with your emergency funds is also another way of leaving bitcoin investment any moment.

Several times in this thread, and maybe some of the related threads, we have observed that there are likely a lot of people (especially rich people) who have a lot of various resources, including that they may well have friends and family that would bail them out of short-term cashflow situations.. such as.. this might be dad or mom.. : 

In these kinds of rich people situations, the $20k "loan" may not even need to get paid back. .and the son might even have some.. other back up ways to get money in case dad or mom did not bail him out.

To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.
First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.
Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.
But does it really have to be called “emergency funds”?

Well nobody is pressing an emergency funds on anyone's neck. But if you're someone that is serious with your investment and you want to safeguard your investment it's wise to have an emergency funds, but not mandatory for you to have an emergency funds since you feel it's more like people are pressing your neck, Come to think of it I know some guys who have money and are from families that have money like rich guys and wealthy family, More like a wealthy parents who are investigating in Bitcoin, whenever they hit a rock bottom in there life they don't even have to worry about there investment, they have parents who will say SLIMZEE you can have this money since you're investing in Bitcoin and you have this emergency to sort out, probably a loan and they don't even have to pay back that mortgage, I'm forced to think that you falls into this category of folks.

Anyone whose portfolio is very good and stand firm is due to strong emergency funds, reserve funds, discretionary, discipline etc. and this means that emergency is very necessary when it comes to Bitcoin investment and failure to keep it or make it available, that investment is already failed that is to say that the investment is just like a dead body that is still walking but just waiting for a slight external force to give up to ghost finally. If I may ask this dude what is he or she expecting when needs for emergency funds arise and it is not where to be found? What would be the condition or state of their investment?

[DubemIfedigbo001]

Several times in this thread, and maybe some of the related threads, we have observed that there are likely a lot of people (especially rich people) who have a lot of various resources, including that they may well have friends and family that would bail them out of short-term cashflow situations.. such as.. this might be dad or mom.. :

"0h shit, son.. you invested in bitcoin on the dip and you don't have enough money in the bank to cover your rent, car payments or to go on your planned trip to Hawaii for the upcoming weekend..   . no problem.. .. sure, I wished that you had some better cashflow management skills, but that is not a problem and you can just figure all of that later. ... in the meantime, here is a $20k loan.. .. just pay me back whenever you get your cashflow situation back in order"  .. .

In these kinds of rich people situations, the $20k "loan" may not even need to get paid back. .and the son might even have some.. other back up ways to get money in case dad or mom did not bail him out.

That's true most of folks are not bothered with emergency funds that much because their guidance usually act like one for them, like some one who is still leaving in Under his parents roof and same time accumulating Bitcoin for instance, are in advantage . Because their parents are going to be one taken care of their need while they use their allowance to accumulate Bitcoin, especially when the folk have a well paying skill that can earn he or she some extra bucks .

So for such person emergency funds is not completely necessary, because their parents has already being playing such role for them in taken care of their needs and stuff .

I think even if you've got some coverage of a sort, you ought to do the right thing, just in case. Being overly dependent on a setting without thinking of your sustainability is the coverage collapses is limiting, I would want you to know that in such a situation and without proper setting of backup funds or emergency funds at least, any circumstance that collapses the dependent structure of that lad would throw him off balance and if there is no emergency fund to pivot him, it becomes yet another case of bad cashflow management and preying on the holdings prematurely.

It is therefore important that we are able to put accurate structures in place, even in view of possible advantage in order to increase our level of preparedness in case things doesn't play out for as long as we thought it should. It is better you are well prepared, and the advantage stays the same than you are over comfortable and your support system gets shattered.

[JayJuanGee]

Emergency fund is not mandatory for investment, if the investor does not give it much importance, there is no problem, but I think the investor should give importance to his continuous investment. The more serious an investor is about his investment and the more consistent he is, the stronger his investment will be. Basically, emergency fund is a very secondary issue for an investor. Those who have sufficient financial solvency and are very serious about their investment usually form emergency fund. The advantage of emergency fund is that if the investor fails to invest consistently, then that investor can use his emergency fund and when his financial condition returns to normal, he can replenish his fund with money. However, emergency fund is not mandatory for everyone.

You seems to be missing the whole concept here, maybe when you start your own accumulating journey you can choose not to set up your emergency fund Instead of including others, since you think is not mandatory, i can only agree with you if you said that emergency fund is optional when getting started. But once you reach two weeks of accumulation then you have to start looking for a way to set up an emergency fund, your emergency fund is what will guide you until you reach your investment goal in case you have forgotten, because if you don't set up emergency fund along the line there's every possibility that you will temper your bitcoin investment some day. And this will happen unexpectedly, so I will advice you don't mislead yourself here.

Many times, I have made the claim that normal people, even before investing into bitcoin, likely get into a habit of retaining a certain amount of cash on hand between pay checks and to serve the purpose of filling cashflow shortages between checks since no one likely wants to get into a situation in which they don't have any money at all, but then surely some folks live on the edge, too.. and they pay their most basic expenses first and then whatever they have remaining is for any of their wants or other unexpected expenses which maybe that money ends up running out close to the time that the next pay comes and perhaps other times, they have some certain amount of money that is remaining.. so I tend to argue that many people are not going to want to operate too close to the edge and they don't want to run out.. even though maybe some folks might allow their cash cushion to get down to the equivalent of 1-2 days of expenses, and others may want that their cash cushion does not go below 2 to 6 weeks and so there will be a decent amount of variation in regards to how low a person tends to allow their cash cushion to approach zero prior to their next pay period.

Another thing is that they can likely never be 100% sure that they are going to get paid in their next pay period, or the amount of pay might end up being smaller than expectations. So there are various ways that cash shortages can happen and there are various standard ways that people attempt to prepare for cash shortages, including their having some tolerances for their cash shortage.

One of the reasons that emergency funds and/or back up funds becomes important with an investment like bitcoin is based on the volatility of bitcoin, and surely some folks are so focused on the extent to which their bitcoin is profitable or not, so they might not even think about if they manage their cashflow badly, then they may well end up spending their bitcoin and even having their bitcoin serving as their emergency funds, so these folks may consider that it is not a BIG deal if their bitcoin ends up serving as their emergency funds, so long as their bitcoin are "in profits" at the time that they have to sell more of their bitcoin at a time that is not completely at their own choosing and also at a time that they could have had chosen if they had been keeping an emergency fund, but if they don't have any emergency funds (or they have scant emergency funds), then the ONLY thing that they have left is their bitcoin, and sure they might speculate that it is not such a bad thing to sells some bitcoin as long as the bitcoin is in profits.

So sure, we can concede that it is better to sell bitcoin while they are in profits rather than to sell them while they are not in profits.. but at the same time, if a guy truly came to bitcoin with an intention of investing for 4-10 years or longer and surely the guy might be thinking that realistically they are likely to be accumulating bitcoin 15-20 years or longer, but the guy has enough uncertainty and flexibility that he realizes that the timeline for his accumulating of bitcoin might well come to an end sooner than his original timeline so long as he continues to stay accumulating and continues to make progress in his bitcoin investment.. but then at the same time, failing/refusing to maintain any kind of adequate and/or meaningful back up funds, including but not limited to emergency funds (since it might not be as important what they are called as long as such funds are available when needed), then the guy puts himself in a position of not having options in terms of when or if to sell his bitcoin.. so he ends up getting dictated to about his options based on his failure/refusal to have systems in place to preserve his options rather than ending up falling into a situation in which the only thing that he has is bitcoin and so then his bitcoin are serving as his emergency funds because he was too smart to keep an emergency fund... or he was too desperate and/or greedy to make sure that he was staying invested in bitcoin (and not keeping cash on the side (ie emergency funds/backup funds), but that failure to keep funds (cash or cash equivalents) ends up being stupid and he should have kept at least kept some funds in cash (emergency funds) so that he could have had chosen whether or how much of his bitcoin to sell, if any rather than being forced (even if the bitcoin are in profits, it may well not be a good idea to be selling any of them at a time that is not completely at the guys own choosing rather than at a time that a guy put himself into due to his lack of preparation and/or his thoughts that he is smarter than everyone else and he can outsmart the system).

To be honest, the whole idea of emergency funds being pressed on people’s necks sounds a bit off to me.
First of all, we’re always told to only invest what we can afford to lose something that won’t break your back if it disappears.
Then, regardless of any aid or help you might get, you’re still expected to have some financial capability to handle your regular struggles without throwing all your money into crypto.
But does it really have to be called “emergency funds”?

Hey @Slimzeee think flexibly and with experience, this seems like a strange sentence because how can people plan to struggle and invest without an emergency fund? When it comes to investing, it's said to invest as much as you can but it doesn't mean you should stop spending money on your emergency fund. In light of your opinion it is correct to say that if you don't have a backup fund or emergency fund, your back will simply break in uncomfortable situations. Moreover @Slimzeee if you really prioritized Bitcoin investments so much, you wouldn't have to use this phrase to find a way to prevent future problems with your holdings. I still know that in life, an emergency fund is not an optional thing but is considered a necessity, whether to protect the family or to protect investments.

Plan some time to literally close your eyes, if someone does not receive free healthcare in their country and does not even have a backup fund at that time, what would be the process? My curious mind says there are a few things that you should spend money on in this context take an example it can be mentioned that necessary expenses, investments, savings, and emergency funds must be adhered to.

If you are on DCA strategy to continuously accumulate for the long term that means that you must consider emergency funds so that you won't be tempted to sell your Bitcoin prematurely. There is need to plan for unforseen expenses because nobody knows tomorrow, health issues can happen, unexpected bills or loss of acomodation due to natural or man made disasters. If you don't have emergency funds at hand things can get out of hand that is why it's importance cannot be overemphasized. People undertakes many types of insurance because of unforseen events and the premium they pay is part of emergency fund.

If you're going into Bitcoin investment you need to first have a budget for your income before knowing whether you're qualified to start. For those that have started they need budget to know whether they're continuing or taking a break. Starting DCA is simple but sustaining it is where the challange lies for low income earners, there's no gain in buying today and being in dire need of money in a couple of days then selling it.

To get started in bitcoin investing in bitcoin, all that is needed is discretionary funds.  Sure it might be helpful to have a budget to figure out future ways to keep buying bitcoin.. but it is not necessary to have all those matters sorted out in order to get started investing into bitcoin, and yeah, you are correct, if a person fucks up and spends from money that he needs for expenses a short time later or even in less than 4 years, then he is not investing, but instead either trading or gambling.

Income earners should have a sound and feasible financial management plan that includes basic expenses, discretionary funds from where emergency and DCA funds comes out from.

You somewhat correct with the above statement, even though you 1) seem to be presuming a need for financial management to merely get started investing in bitcoin and 2) you said it in a confusing way... ..  Sure emergency funds and DCA do come out of discretionary funds.. and discretionary funds are what is left once the expenses are accounted for.. so then once the discretionary funds are figured out, then that shows how much money is available for investing into bitcoin, how much to put into backup funds, such as emergency funds and how much might be used for other optional consumption.