Emergency Fund

[Lembo69]

An emergency fund is a fund that is used to provide financial assistance in unexpected or immediate emergencies. When an unexpected or urgent financial crisis arises and you need immediate money, such as,
you or a member of your family suddenly falls ill and needs treatment beyond the initial limit where the amount of money is more than the normal expectation or you or a member of your family meets with a major accident like a road accident and needs emergency treatment, or to help someone close to you in a major danger.

If you ignore the emergency fund while investing, you may face some problems that are not expected at all:
1/ You may be forced to sell your holdings at a loss due to not having extra money to deal with the emergency situation. Which may be a big regret for you.
2/ Without an emergency fund, there may be a delay in getting money at the right time and you may have to struggle to solve the problem.
3/ It is almost impossible to sustain investments for a long time with poor financial management, which is why without an emergency fund, you can become a failed investor and it can have a negative impact on your quality of life.

In this case, if you can prepare an emergency fund, you can bear the expenses from your own funds if you suddenly need money, you will not have to rely on others or face unwanted situations such as selling your investments. An emergency fund helps a long-term investor invest safely and increases the chances of success in long-term investments.

[Joy- maker]

Yeah normally emergency fund is very essential when it comes to investment, not only in bitcoin investment.
but in this case I we only emphasize on bitcoin investment.

as for the poor investors who want start up their bitcoin investment, they have to  firstly get up an emergency fund before they can start accumulating bitcoin to hold for a long period of time, or they might end up not building a solid investment portfolio, because of unforseen circumstances which might lead to selling of their investment at early stage.

While for the rich investors they don't need to set up an emergency fund first before they can start investing in bitcoin, because they already have the financial capacity to start up an investment without setting up an emergency fund first, they start to invest in bitcoin before setting up their emergency fund in 3 to 4 months time. Even as a rich investor you also need an emergency fund to help you  build a solid investment portfolio, despite your financial capacity, because you we surely  face unforseen circumstances along the line.

[Proty]

Emergency funds is really necessary for everyone whether u are investor or not because since no one can predict the future there is always needs to put money aside incase if the unexpected happens we can use this money to salvage the situation.when it comes to bitcoin investment, morespecially for long term investment in bitcoin emergency funds is really necessary in order to be able to hold our bitcoin till the anticipated timeline . During our accumulation stage there are so many unexpected events that may occur that is beyond our control and which money will be required to solve ,this is were emergency funds is really needed.

[Solodoski]

Emergency funds is really necessary for everyone whether u are investor or not because since no one can predict the future there is always needs to put money aside incase if the unexpected happens we can use this money to salvage the situation.when it comes to bitcoin investment, morespecially for long term investment in bitcoin emergency funds is really necessary in order to be able to hold our bitcoin till the anticipated timeline . During our accumulation stage there are so many unexpected events that may occur that is beyond our control and which money will be required to solve ,this is were emergency funds is really needed.

Emergency fund is very important for everyone, as long as you have got a good income. Emergency fund is a fund kept aside for  need that's catches you unaware. If you don't have this fund kept aside you might struggle when you have an emergency, because there is nothing like your own money.
With an emergency fund you don't need to go to anyone to ask for money when you have an emergency, rather you just withdraw from it. I really advice everyone that has good source of income to save some money for emergency, because it must surely arise.

[mid9tclaw02]

An emergency fund is a fund that is used to provide financial assistance in unexpected or immediate emergencies. When an unexpected or urgent financial crisis arises and you need immediate money, such as,
you or a member of your family suddenly falls ill and needs treatment beyond the initial limit where the amount of money is more than the normal expectation or you or a member of your family meets with a major accident like a road accident and needs emergency treatment, or to help someone close to you in a major danger.

If you ignore the emergency fund while investing, you may face some problems that are not expected at all:
1/ You may be forced to sell your holdings at a loss due to not having extra money to deal with the emergency situation. Which may be a big regret for you.
2/ Without an emergency fund, there may be a delay in getting money at the right time and you may have to struggle to solve the problem.
3/ It is almost impossible to sustain investments for a long time with poor financial management, which is why without an emergency fund, you can become a failed investor and it can have a negative impact on your quality of life.

In this case, if you can prepare an emergency fund, you can bear the expenses from your own funds if you suddenly need money, you will not have to rely on others or face unwanted situations such as selling your investments. An emergency fund helps a long-term investor invest safely and increases the chances of success in long-term investments.

although keeping an emergency funds is really good idea  because of the kind of season we are right now in our country despite that this emergency funds only apply to does that have a good income because for those that dont have is a no go area, relatively to the economic situation