Topic: Bitcoin reserved funds are not meant for fun spending (Read 375 times)
Not being meant for fun spending is hardly the case when you don’t have a concrete view as to why you’ve taken up certain investments. If you see Bitcoin for an investment and regard it to not be just a currency but an asset of value which is sure to appreciate over time, you would be mindful of how you spend those precious coins. At the very least, you would be more stirred towards investing more than spending because, this is an asset and with the volatile nature of Bitcoin, your sure to profit from long term hodling which by some measure, guides against spending.
Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
I don't really get it because as we know in our daily life and that of our investment and savings, we should know that during our salaries it could be what we earned per week, Bi-week or monthly, when it comes we should be able to split in a way that it would be favorable for you not to affect and contradict your investment and savings. For instance, there is need for keeping emergency fund, reserved fund and that of charity after your investment because when you have all this carved out from your salaries i don't see any reason why you should go temper with you investment anymore. I know there are people who don't make plans for all these i made mentioned that is why there investment are always being affected, because they would always be at the pressing time where they don't mind touching their investment and with this they can't make a successful investment.
Reserve funds serve for all purpose and act as a safety net for unanticipated circumstances, when you are building your Bitcoin investment is proper you have a reserve funds. However to correct something reserve funds don't have a especially place or circumstance to use it for any unanticipated circumstances that comes up you can you your reserve funds to handle it, it could be for fun for example you are to attend a birthday party and you need money so you can use it to buy drinks and other things you can dip hands into your reserve funds for that, reverse funds is different from emergency funds emergency funds are only for emergencies purposes so let no the difference and it's always advised to have a strong emergency, reserves and float funds in other to make your Bitcoin accumulation journey a successful one because without all this funds in place you will be tempted to dip hands into your Bitcoin investment.
If reserve fund is fully kept i dont think any investor would be wiling to tap into their investment when needs for those funds arises. This is one thing that is important in all type of investment aside bitcoin investment. Emergency funds and reserve funds are similar in some kind of way although there are things that differentiate both. 
In the process of our Bitcoin accumulation, it is beneficially necessary we keep aside reserve funds. Reserved funds are money kept aside for future purposes and these incidents are likely anticipated, it is slightly distincts from emergency funds.
Most investors now successfully keep aside their reserve funds but in a way are spending from it for the wrong reasons. These funds are the primary backbone of an investor and should be carefully spent, if wastefully spent then comes the need for financial involvement whereas if there is nothing left in the reserve funds balance then the investor will be left with no option than to terminate part of his portfolio which is a wrong practice for a good investor.
Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
Most investors now successfully keep aside their reserve funds but in a way are spending from it for the wrong reasons. These funds are the primary backbone of an investor and should be carefully spent, if wastefully spent then comes the need for financial involvement whereas if there is nothing left in the reserve funds balance then the investor will be left with no option than to terminate part of his portfolio which is a wrong practice for a good investor.
Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
Before ever starting up or making your mind up on having a Bitcoin investment, there are some strict things you ought to do and one of these things is knowing the importance of having a reserve fund in your investment journey because this is what will prevent you from diving into some unnecessary tempering of your coins although many people still don't know and carry out this strategy.
Reserve funds serve for all purpose and act as a safety net for unanticipated circumstances, when you are building your Bitcoin investment is proper you have a reserve funds. However to correct something reserve funds don't have a especially place or circumstance to use it for any unanticipated circumstances that comes up you can you your reserve funds to handle it, it could be for fun for example you are to attend a birthday party and you need money so you can use it to buy drinks and other things you can dip hands into your reserve funds for that, reverse funds is different from emergency funds emergency funds are only for emergencies purposes so let no the difference and it's always advised to have a strong emergency, reserves and float funds in other to make your Bitcoin accumulation journey a successful one because without all this funds in place you will be tempted to dip hands into your Bitcoin investment.
Whatever the type of funds be it reserve, emergency or float funds, the aspect of all these is so that over investment are secure and safe from selling and re-buying because if you are always tempering with your investment their is a high tendency that you end up scattering the whole investment and spending all the money on things that you didn't plan for and that's why it's paramount to have scheduled all these spare funds to atleast have a good Bitcoin holdings.In the process of our Bitcoin accumulation, it is beneficially necessary we keep aside reserve funds. Reserved funds are money kept aside for future purposes and these incidents are likely anticipated, it is slightly distincts from emergency funds.
Most investors now successfully keep aside their reserve funds but in a way are spending from it for the wrong reasons. These funds are the primary backbone of an investor and should be carefully spent, if wastefully spent then comes the need for financial involvement whereas if there is nothing left in the reserve funds balance then the investor will be left with no option than to terminate part of his portfolio which is a wrong practice for a good investor.
Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
Most investors now successfully keep aside their reserve funds but in a way are spending from it for the wrong reasons. These funds are the primary backbone of an investor and should be carefully spent, if wastefully spent then comes the need for financial involvement whereas if there is nothing left in the reserve funds balance then the investor will be left with no option than to terminate part of his portfolio which is a wrong practice for a good investor.
Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
A significant feature of investing in Bitcoin is the potential for long-term growth. Investing in Bitcoin involves holding it for an extended period of time by adopting a specific strategy through the long-term holding process. As you may have noticed, Bitcoin portfolios offer diversification. While its performance may not be tied to the traditional assets of stocks and bonds, it makes investment strategy diversification managing overall risk and creating a value component. Bitcoin investment is undoubtedly a good process but it will be good for the individual future, but not the exception. If we cut that investment due to urgent need, then it is against reluctance.
Reserve funds serve for all purpose and act as a safety net for unanticipated circumstances, when you are building your Bitcoin investment is proper you have a reserve funds. However to correct something reserve funds don't have a especially place or circumstance to use it for any unanticipated circumstances that comes up you can you your reserve funds to handle it, it could be for fun for example you are to attend a birthday party and you need money so you can use it to buy drinks and other things you can dip hands into your reserve funds for that, reverse funds is different from emergency funds emergency funds are only for emergencies purposes so let no the difference and it's always advised to have a strong emergency, reserves and float funds in other to make your Bitcoin accumulation journey a successful one because without all this funds in place you will be tempted to dip hands into your Bitcoin investment.
Whatever the type of funds be it reserve, emergency or float funds, the aspect of all these is so that over investment are secure and safe from selling and re-buying because if you are always tempering with your investment their is a high tendency that you end up scattering the whole investment and spending all the money on things that you didn't plan for and that's why it's paramount to have scheduled all these spare funds to atleast have a good Bitcoin holdings.
Reserve funds serve for all purpose and act as a safety net for unanticipated circumstances, when you are building your Bitcoin investment is proper you have a reserve funds. However to correct something reserve funds don't have a especially place or circumstance to use it for any unanticipated circumstances that comes up you can you your reserve funds to handle it, it could be for fun for example you are to attend a birthday party and you need money so you can use it to buy drinks and other things you can dip hands into your reserve funds for that, reverse funds is different from emergency funds emergency funds are only for emergencies purposes so let no the difference and it's always advised to have a strong emergency, reserves and float funds in other to make your Bitcoin accumulation journey a successful one because without all this funds in place you will be tempted to dip hands into your Bitcoin investment.
Whatever the type of funds be it reserve, emergency or float funds, the aspect of all these is so that over investment are secure and safe from selling and re-buying because if you are always tempering with your investment their is a high tendency that you end up scattering the whole investment and spending all the money on things that you didn't plan for and that's why it's paramount to have scheduled all these spare funds to atleast have a good Bitcoin holdings. Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
Competition no de for Bitcoin investment, person go accumulate and hodl as im power reach from di budget wey im map out for investment. Di most important thing na to comot money for di basic needs of di month, save some money for miscellaneous and emergency expenses, den comot money for your Bitcoin DCA method. Once in a while if no emergency expenses happen, then e good to take di money to entertain yourself, afterall na you work for am.
Wetin Op forget to add, nah to differentiate emergency and reserved funds because some people fit think say the both na desame but emergency funds and reserved funds no be desame. Emergency funds na investment backup, so that incase things wey we no expect come up we no go sell our bitcoin but spend or solve the issue from emergency funds. While Reserved funds na money we keep aside for our investment to dey buy bitcoin continuously and if DIP opportunity come u fit buy from reserved funds .
In the process of our Bitcoin accumulation, it is beneficially necessary we keep aside reserve funds. Reserved funds are money kept aside for future purposes and these incidents are likely anticipated, it is slightly distincts from emergency funds.
As a Bitcoin investor, it is very important to always have reserve funds in case any emergency comes up in the future so that you will not temper with your Bitcoin investment before someone can solve the problem that came up. Some people find it hard to be successful in their Bitcoin investments all due to this issue of not having reserve funds that will always back up their Bitcoin investments whenever any problem arises.
Sometimes, there are people who always have the mindset of holding their Bitcoin for a long time so they can make a good profit, but along the way, they start selling and later end up selling all. Many always sell their Bitcoin at the wrong time, especially when the Bitcoin price is down. So, for any Bitcoin investor, having an emergency fund is always necessary to avoid selling your Bitcoin investment later.
In the process of our Bitcoin accumulation, it is beneficially necessary we keep aside reserve funds. Reserved funds are money kept aside for future purposes and these incidents are likely anticipated, it is slightly distincts from emergency funds.
If you Dey invest for bitcoin and you no get emergency funds, then anytime wey problem happen, and you need money, na that bitcoin wey you buy, na him you go sell use the money solve the problem. But it’s just better we divide our money if we want to invest, make one Dey our invest wallet, make we leave the other one for either bank or make we leave am for stable coin for wallet wey we go fit easy convert to naira anytime wey we want am. Most people hardly have reserve funds, most of them always use everything which they have to invest which is not really making sense, I no talk say make we no invest, but make we know put all money for crypto, we suppose get some money outside crypto.
In the process of our Bitcoin accumulation, it is beneficially necessary we keep aside reserve funds. Reserved funds are money kept aside for future purposes and these incidents are likely anticipated, it is slightly distincts from emergency funds.
Everything can be done when there is a plan. Although I understand what you are saying, the last thing to mention here that will make you understand it better is a plan. As an investor who is looking up to other investors and wants to invest for a long period of time, you really need to plan well before going to a bitcoin investment, as it will require you to be patient and not touch your funds unless you are in trouble and there is no other way to get another money to continue taking care of you at first until I get married.
Emergency funds has to do with your personal money kept aside for safety purpose of your financial use when the need arises, that is sudden expenses and the amount kept aside depends on the kind of life you live, your monthly income and expenses you make for the month.
In investing for you to accumulate and hodl ing more for a long-term on Bitcoin either by lump sum or DCA aside from your initial budget due to change in price of Bitcoin or otherwise, it has to do with emergency fund . In other to achieve this, you have to be focus and concentrate. Emergency fund is to solve immediate and urgent pressing need, just like sudden I'll health or accident.
While reserve fund are funds kept for things you need and things you don't need that you can spend whenever you want it and on anything just like the fun and enjoyment Op mentioned .
In investing for you to accumulate and hodl ing more for a long-term on Bitcoin either by lump sum or DCA aside from your initial budget due to change in price of Bitcoin or otherwise, it has to do with emergency fund . In other to achieve this, you have to be focus and concentrate. Emergency fund is to solve immediate and urgent pressing need, just like sudden I'll health or accident.
While reserve fund are funds kept for things you need and things you don't need that you can spend whenever you want it and on anything just like the fun and enjoyment Op mentioned .
Reserve funds serve for all purpose and act as a safety net for unanticipated circumstances, when you are building your Bitcoin investment is proper you have a reserve funds. However to correct something reserve funds don't have a especially place or circumstance to use it for any unanticipated circumstances that comes up you can you your reserve funds to handle it, it could be for fun for example you are to attend a birthday party and you need money so you can use it to buy drinks and other things you can dip hands into your reserve funds for that, reverse funds is different from emergency funds emergency funds are only for emergencies purposes so let no the difference and it's always advised to have a strong emergency, reserves and float funds in other to make your Bitcoin accumulation journey a successful one because without all this funds in place you will be tempted to dip hands into your Bitcoin investment.
Apparently, I thought you meant having a Bitcoin reserve fund, just like having a reserved Bitcoin fund whenever you use your other Bitcoin accumulated portfolio to take risks like buying and selling, which may be considered trading. However, the reserve fund you are referring to is a general fund and the topic should be Reserve funds are not meant for spending excluding the Bitcoin there.
The reserve fund is extremely necessary and not just something that one should take less seriously. This is because when accumulating Bitcoin there are times when we would want to buy more than we have made up in our minds to buy. We get to tap into the reserve funds and buy then later fill it. Just like you have said reserve fund is not something that one can be scared of touching because it is not an emergency fund that is needed for emergency purposes.
The reserve fund is extremely necessary and not just something that one should take less seriously. This is because when accumulating Bitcoin there are times when we would want to buy more than we have made up in our minds to buy. We get to tap into the reserve funds and buy then later fill it. Just like you have said reserve fund is not something that one can be scared of touching because it is not an emergency fund that is needed for emergency purposes.
In the process of our Bitcoin accumulation, it is beneficially necessary we keep aside reserve funds. Reserved funds are money kept aside for future purposes and these incidents are likely anticipated, it is slightly distincts from emergency funds.
Most investors now successfully keep aside their reserve funds but in a way are spending from it for the wrong reasons. These funds are the primary backbone of an investor and should be carefully spent, if wastefully spent then comes the need for financial involvement whereas if there is nothing left in the reserve funds balance then the investor will be left with no option than to terminate part of his portfolio which is a wrong practice for a good investor.
Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
Bitcoin reserved funds should be treated with caution and not used for casual spending. It's crucial to handle these funds with care and be mindful of their value and purpose. Indeed, having reserved funds in investments can offer a layer of stability, by setting aside funds for specific purposes, you create a safety nets and can give an investor advantage to capitalise on opportunities available. It allows you to have a shield to rely on, ensuring that your investment portfolio remains resilient and well managed. The Critical need to manage reserved funds effectively to maximize their impact on our investments by employing strategic planning and careful consideration, we can ensure that these funds serve as a catalyst for our investment growth. Implementing a disciplined approach to spending and allocating reserved funds can help enhance our overall investment strategy and provide a solid foundation for financial success in the long term.Most investors now successfully keep aside their reserve funds but in a way are spending from it for the wrong reasons. These funds are the primary backbone of an investor and should be carefully spent, if wastefully spent then comes the need for financial involvement whereas if there is nothing left in the reserve funds balance then the investor will be left with no option than to terminate part of his portfolio which is a wrong practice for a good investor.
Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
I think the two funds are very important because reserve funds is set aside for installmental payment of goods or services. Like you want to pay something and take it and you don't have the full amount so you have to discuss with owner and pay part by part and when you have completed it then the appliances or goods would automatically becomes yours. And that is reserved fund because the money is reserved foe that purpose so as a investor investor of bitcoin you can use the reserve method to invest in bitcoin with the DCA method and why because the money is reserved foe the purpose to buy bitcoin at a specific time so the reserve funds is the best to invest in bitcoin with DCA.
Then emergency funds are to use for things that you no dey expect so you keep for unexpected expenses and bitcoin investors use emergency funds because they don't know when the dip would come so they have to keep the emergency funds so dat when the dip comes then they use it to buy. So the emergency funds can also be use as di DCA but the best na di reserve funds.
Then emergency funds are to use for things that you no dey expect so you keep for unexpected expenses and bitcoin investors use emergency funds because they don't know when the dip would come so they have to keep the emergency funds so dat when the dip comes then they use it to buy. So the emergency funds can also be use as di DCA but the best na di reserve funds.
Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
However, reserve funds is not for partying, it's a funds that helps us during the times of needs. Without a reserve funds an investor will always terminate his or her investment because he don't have any backup money that will be used during the times of emergencies. As a good investor of Bitcoin, you should know that you must have a source of income that brings money to you daily or monthly. A source of income is also a backup for any investors because it's the thing that brings money for you to invest and for reserve purposes, with a source of income one will not have the money to invest on Bitcoin or save. Reserve funds isn't a thing one should use for fun because it's very important in future. 
Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
as necessary as this is, most of us don't have the luxury of setting all this in place while we accumulate our Bitcoin. Most of these emergency funds and reserve funds are ideal strategies that if followed would give you the best accumilation journey but we know that in the practical context, most persons don't have any reserve funds that's going to serve it function when emergency sets in or use it to buy some extra Bitcoin when there is a correction in the Bitcoin market.The urge to use our savings for luxury would always come and as a typical Nigerian that has a lot of self entitled people around us, it's easy to spend it on people who will keep coming for help. Those who live a competitive lifestyle with their mates are the most likely to misuse their reserve funds to prove to people around them that they aren't doing badly in their finances.
From my own point of view I no see anything different from the reserve fund you talk of and the normal emergency funds wey people don extensively exhaust with discussion for speculation board. The ideas, approach and usage of both reserve and emergency funds dey similar if not even the same sef. Moreover, taking one time out of life to use jollof no go end for person life because we wan invest and also get reserve. As you dey invest also the get time to chop life small small.
Of course, person suppose they enjoy but e get wan kind money wey we supposed no think to use for fun or enjoyment, enjoyment no dey finish oh, you fit still enjoy today make tomorrow reach you come see wan wey dey fun pass the other you fit still come like to follow put body but realising say you don already spend the money you keep for fun then wetin go come be na for the person to go take from reserved funds wey be say na the main source wey him supposed use they back up in progress for the investment waka.In the process of our Bitcoin accumulation, it is beneficially necessary we keep aside reserve funds. Reserved funds are money kept aside for future purposes and these incidents are likely anticipated, it is slightly distincts from emergency funds.
Most investors now successfully keep aside their reserve funds but in a way are spending from it for the wrong reasons. These funds are the primary backbone of an investor and should be carefully spent, if wastefully spent then comes the need for financial involvement whereas if there is nothing left in the reserve funds balance then the investor will be left with no option than to terminate part of his portfolio which is a wrong practice for a good investor.
Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
Most investors now successfully keep aside their reserve funds but in a way are spending from it for the wrong reasons. These funds are the primary backbone of an investor and should be carefully spent, if wastefully spent then comes the need for financial involvement whereas if there is nothing left in the reserve funds balance then the investor will be left with no option than to terminate part of his portfolio which is a wrong practice for a good investor.
Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
Reserved and emergency to me are the same thing since the money is kept for an unforeseen circumstance that may occur in the future. Whether it’s called emergency funds or it’s called reserved funds, they’re use to tackle the same problem. It is necessary as an investor of bitcoin to have enough reserved funds because bitcoin is a long time investment and it is not something that can easily be cashed out from without waiting. In those periods of waiting, you’ll definitely witness important cases that needs money to be resolved, if they happen like that, you can run back to your investment to take the money back from there that you’ve already invested. It’ll make your plan to be destabilized and you won’t achieve your target of accumulation at the time you want to stop buying and start holding.
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