Topic: Buy the DIP, and HODL! - page 69. (Read 121870 times)

Reserve fun is very important but not to be use the way you are saying because every investment strategy has there advantage and also disadvantages and any wrong decision can result negatively on your investment, so your reserve funds shouldn't be a strategy for investing all in any Bitcoin dip because doing that can result to the disadvantage I'm emphasizing on, so actually I don't really see any risk on Bitcoin holding but most of the people are the ones that's bringing the risk to themselves because if you're accumulating with the normal method without adding any greed I don't think there would be any regret but the ideas to navigate into other method in other to stack more Bitcoin has always brought setback to most people.

When it comes to bitcoin investment there are things that are important to have and one of them are reserved funds, like you said it helps one when there's a dip, when you are using the DCA strategy and you have also built a very good reserved funds it will help you accumulate more Bitcoin than someone who is just using the DCA strategy without any built reserve funds.

If you don't have a reserved funds one can still build it along side his or her Bitcoin investment, all what you will do is to bring out a percentage from your Discretionary income and then use it to build his reserved funds and even build other back up funds and at the moment of building this funds one should not be aggressive in his or her Bitcoin accumulation in other to prevent reaching a fuck you stage where you now have to dip hands into your Bitcoin investment.

Those all sound like good ideas, especially in terms of having some timeline goals, but then keeping some back up timelines in mind, so it sounds like you are weighing various possible scenarios and have a sufficient amount of flexibility in your thinking about how you might have to reassess along the way at various points.

Surely people with more discretionary income or even who had come from higher levels of wealth have more resources in front of them, yet there are degrees of wealth too, and so some of those folks with wealth are still not allocating to bitcoin and/or do not have a sufficient and adequate bitcoin accumulation plan, so any of us can imagine scenarios in which those who are planning, preparing and acting in regards to their bitcoin accumulation plans are going to end up passing up folks who were not making and/or acting upon such bitcoin accumulation plans.  For sure there are already examples and ongoingly new examples of the more poor folks who have been able to either make progress in narrowing the gap and/or potentially financially passing up folks with way more finacial abilities, resources and means.

We can imagine at various points in time 4-10 years ago, there have been people with modest or even some what low levels of finacial resources who have been able to accumulate anywhere between 10 and 300 bitcoin for anywhere between $10k and $300k (and various prices between)  Maybe some of them have average costs of less than $1k per BTC, and others have average costs of less than $15k per BTC, so there would be variability in regards to their profitability levels, and no one can actually assess his own specific situation until the passage of time that is able to show how the quantity of BTC matches up with how much had been invested, and frequently and many times, we already discussed how there might not be a lot of value in regards to assessing our costs per BTC until maybe at some point down the road, whether it is 10 years later, 15 years later or maybe some further down the road period, even though almost all of us are going to want to be in profits by the time we are reassessing and revaluating our situation.. yet if we happen to be a person who had accumulated around 80 BTC or more over the past 8 years, we might not be too concerned if our average cost per BTC happens to be $60k or $200k, we just happen to feel ourselves to be in a very good place to have accumulated more than 80 BTC, and we might consider that to be a reason transition into some other status where we no longer need to concern ourselves with accumulating BTC.

On the other hand someone newer to bitcoin might consider that in the next 10 years, they are likely going to need to accumulate somewhere between 2 BTC and 8 BTC to get to a similar status as the one who currently feels himself to be with 8 BTC.. .yet the target is a little bit amorphous and a little bit dependent on what happens with BTC  prices in the next 10 years and also what happens with the BTC accumulator's ability to continue to invest into bitcoin within his discretionary income over the next 10 years.

Regarding your point about gold and/or any other investments that a person might have built prior to investing into bitcoin, some folks will just keep their old investments and then just move their focus over towards bitcoin, so they do not necessarily end up selling their prior investments, and others will sell their prior investments and move the proceeds over to bitcoin.  There likely is no exact correct answer, and there surely may well be transaction costs to cash out of one investment and move the proceeds over to another (in this case into bitcoin).

I will prioritize the first 10 years in planning investment in bitcoin and if it goes smoothly without any obstacles or mistakes then I will decide one decision after I reach the 10 year target. That decision could be that I will continue to accumulate for an additional 5 years or I will take the opportunity to get something that I have dreamed of so far.

It is true, Mr. JJG, that people's lives are different, some have abundant wealth from their parents' inheritance or those who live simply. So for that I want to change the course of my life by investing in bitcoin, which previously I routinely bought Gold but in the past two years I have switched to Bitcoin. Of course there are many hopes that I dream of but it is impossible for me to describe them all here.

Of course increasing BTC ownership will remain my priority every week, I don't care what people say and I will not be shaken in my stance to continue holding Bitcoin. I also learned a lot from you, especially in this Thread with DCA or your way of conveying it and that will be very useful for us.

Usually people who target investing in bitcoin for life are of course people who live in luxury without anything else they want, I mean without selling their BTC ownership they have other money to buy luxury goods, be it a private plane or a luxury car or a luxury house.

DCA method is good for beginners to accumulate bitcoin constantly overtime as long as they don't stop but keep their DCA running. However, if the investor is able to supplement his ongoing DCA with lump sum from time to time whenever extra cash comes in which he did not expect.

Also one of the reason why reserve funds is important is to enable the investor have funds available when the dip comes for him to take advantage of the dip and stack more bitcoin in a cheap price to his bitcoin portfolio. Using the three methods will help boost your bitcoin portfolio to a great height compared to using only DCA.

DCA method is always the best method to invest, DCA is the best strategy to accumulate bitcoins slowly without worrying about the market ups and downs. Everyone can become self-sufficient by using DCA method, others have made mountains of money by investing in 10 to 12 years DCA method and become self-sustainable, you also start, take a target that you will do DCA for at least 8 years, you are patient without looking at the market price Suppose, invest regularly and after 8 years, compare the position then with the current position, you will see a stark difference.

Yeah what JayJuanGee said was very correct because not all the investors are very careful and most of them normally go too much dip on there Bitcoin investment such as over spending there back up funds believing that when it comes to the points were they have exhausted all there backup funds they would go to there friends for assistance, however in the case of an emergency fund, as an investor it shouldn't come to the point where you will use your emergency funds to serve as a purpose of a reserve funds, actually my little understanding from the point JayJuanGee was highlighting is that proper use of back up funds is something every important every investors should have.

Since you are asserting that you are living a very simple life and even implying that your discretionary income is not very great, then it may well take you way longer than 10 years to reach a status in which you might be in a good position to start to withdraw from your bitcoin, yet at the same time, you should be able to improve the quality of your life because you have been investing into bitcoin and so the larger your bitcoin stash grows, the more options you should start to feel that you have.

We know that frequently people invest quite consistently and dedicatedly into traditional investments for 30-40 years or more and they might not end up making it to fuck you status, but they may well still be able to benefit by having had built up their life-long savings and investment.  Even if bitcoin does not allow you get to fuck you status in a shorter period of time, it seems that there are decently great odds that you could end up getting a lot further in regards to your own personal well-being, since bitcoin is not designed to rob from you, as many times takes place with the life-long investments that might have had been carried out through traditional investments.

Bitcoin also seems to best be considered as a life-long investment, so surely you are the ONLY one who can determine the approximate place that you would like to get in order to potentially transition to some other ways of dealing with your bitcoin, which even stopping or slowing down accumulation can bring empowerment, but also there maybe be various kinds of sustainable withdrawal or just having bitcoin in the background that may well end up putting you in a much better place due to your having had invested into bitcoin as compared what your situation would have had been if you had not invested into bitcoin.


If we are engaging in self-custody, then we have responsibilities to secure our bitcoin and make sure that we do not lose them or otherwise get locked out of our coins.  Rich folks are not immuned to the shenanigans of third parties holding their coins, and so there were a lot of folks who were rich who were involved in Terra/Luna, 3AC, Celsius, Voyager, BlockFi, FTX/Alameda, Gemini, Genesis and Grayscale, and sure some of them might get paid out, but many of them did end up getting rug pulled, while the direct BTC holders fared much better, even though we suffered from the BTC price corrections during that period, we did not lose our BTC and hope that we might be able to get reimbursed, and frequently reimbursed a rate that is lesser than the value of the BTC that we lost or that the entity took from us or gambled with our funds.

This is the only simple introduction easy way for any investor to follow the DCA method in Bitcoin to get more benefits and keep the money safe. Because if they can hold Bitcoin in the right way that will be the key to their success, because every investor will be successful in the current dip in the market. But only long-term investment success is at its peak, if you observe, you can see that big investors from past times are relying on DCA method till now. And they are successful and made mountains of money just by investing in 10 to 12 years DCO method, I have seen on social media many people depend on DCA method and become self-sufficient.

The government has never given wealth to anyone except for a monthly salary if the person is a civil servant and even then it is only enough for living expenses for one month, there is nothing more, let alone being rich because now some civil servants must also have businesses and other investments so that they can become rich. I understand what you are saying because maybe you were not born into a rich family even though you may have become rich through your own Bitcoin efforts and investments at this time.

For now, everyone is quite aware that without trying and investing in a better sector, it will be difficult in the end because their parents' wealth will also be eroded if the person is not good at maintaining it and is not smart enough to increase it more. So the steps you have built for long-term investment in Bitcoin for the duration you mentioned are actually quite right and need to be continued more consistently without having to think about other people's assessments of you.

You have a good point here and one thing I will add is that those of us that understand the importance of self custody can do better by buying and holding our bitcoin and not giving the control of our investment to a third party. Big players understand where bitcoin is going that is why they are actively doing their best to secure as many bitcoin as possible. We cannot beat them because they have deep pockets so the best we can do is to play along which is following them to buy and HODL. We are just lucky we have a forum like this that is teaching people to HODL and how to buy so that hodling will be possible and easy to implement. Many people are already using the knowledge shared here to better their lives and put their finances to proper use.

Good example but no good points to conclude. I am very impressed with those who have invested in bitcoin for a long time, especially those who are able to maintain their lust for not taking profits.

It is indeed quite unfortunate if someone has great wealth but does not realize their dreams and does not mean the money they have.

We or I myself live very simply and have many dreams that I have dreamed of so far, so the investment in Bitcoin that I have been doing has almost entered 2 years with routine accumulation every week. So in that case I have a target in investing in bitcoin, maybe the long term is around 10 years, if I reach a level of satisfaction it does not mean I will sell my BTC ownership but I will realize my dream, maybe I have explained in the previous post.

It's up to those who have lived in luxury before because they are descendants of rich people. So money will no longer mean anything, they don't even have to buy a luxury car or a luxury house because they are provided with luxurious living facilities by their parents or by the government.

You have not yet learned your lesson from your waiting to buy in October 2023 (around $27k) when you were waiting for lower $20ks that did not end up happening?  Another thing is that historically, the 200-WMA is o.k. to use as a measurement when we finally get back into a bear market, yet we are still currently in a bull market, so you might be being a bit too greedy when you are holding back so much waiting to get close to the 200-WMA that may well not end up happening until much later... and yeah, I will concede that whether we are in a bear market or a bull market tends to be a lagging indicator, so sometimes, we can end up getting back into a bear market and perhaps the touching on the 200-WMA could be a sign that we are back in a bear market.


Your naming of percentages of gross income is really confusing, even though it could be a decently good starting point to overall consider how much income you want to attempt to target for investing/saving... .. The more accurate way to go about these matters is to start from your discretionary income, and in that regard the discretionary income is the total amount of income that you have available for investing, since it is what is left after you have subtracted out expenses, and most people are not even close to investing 100% of their discretionary income since they are using some of their discretionary income to consume or even to save for consumption purposes, and so there might be confusion or even disagreement about what is consumption and what is expenses, since sometimes they overlap too... and some kinds of consumption expenses are needed to have a normal happy life or even to keep family happy by taking them out for dinner once in a while, even if it costs more.

So you could take from your discretionary income and even the quantity that you have already allocated towards investing into bitcoin, and you could decide how much of that to DCA and how much to save for buying on dips, and my suggestion has frequently been that newbie bitcoin investors, especially those who are generally struggling to invest into bitcoin, maybe only able to spare $10 to $50 per week into bitcoin, they should probably allocate almost all of their  BTC allocated amount to just DCA buying bitcoin every week and don't be fucking around trying to figure out whether there is a dip or not, and maybe any of the BTC newbies in that category may well have to spend a whole cycle or even more than their first whole cycle to just DCA buy BTC every week and not be screwing around trying to figure out whether there is a dip or not or how much of a dip there might be in the future.

The more discretionary income that you have and the more that you are able to allocate towards bitcoin and also the more BTC that you have already accumulated, then the more you might be able to set aside some money for buying on dips to supplement your DCA amount. So for example if you have $100 per week that you could invest into bitcoin, and now  you choose to ONLY invest $10 DCA and save $90 for buying on dips (more dips from here), that seems retarded and even gambling... but maybe buying $70-$80 per week and saving $20-$30 per week for dips could be more reasonable, yet these calculations would likely only apply for those who have already accumulated a decent amount of DCA rather than for those who are still in their first BTC cycle of accumulation and they really have not even accumulated very much bitcoin in comparison to their income and/or expenses.... Many times, I have already mentioned that someone who is ONLY able to invest around 10% of his income per year into bitcoin, it is going to take him 10 years before he has invested an equivalent of a whole years salary into bitcoin, and even then salaries are increasing too in order to keep up with the debasement of the currency. and perhaps some people are going to be receiving promotions and increases in their salaries which may well also contribute to their increasing in their standard of living and how much they perceive that they need to have to live. 

Surely, we hope that the appreciation of bitcoin keeps up with increases in the standard of living and even keeps up with the likely ongoing debasement of the dollar (or whatever fiat currency is being used), but there are no guarantees that bitcoin is going to appreciate in value greater than the increases in the standard of living and/or the debasement of the currency.


Of course, the worse course of action after reaching the target would be to switch from buying and then into immediately selling it all.. .but surely people do those kinds of things, and yeah, maybe they are using bitcoin to save for something like a house or a car.. so they could have some consumption or investment good or something that could be considered a combination of the two.


I think that we should be attempting to measure based on both, and some people do want to continuously increase their BTC until reaching their target level and others might be searching for a dollar value of their stash, and others might want the BTC stack to be worth a certain quantity of years of expenses, and surely in the last several years, my own valuations of my stash have been trying to consider its value in terms of the 200-WMA, yet at the same time, any of us know that if we make actual sales of bitcoin, we would be selling them at spot price, yet if we are mostly holding them, we still can consider valuing the ones that we are holding in terms of some kind of a more stable indicator rather than ONLY bouncing around with the spot price.  


I did not miss the points that you were making, and in some sense, we were making different points.  Your points are surely valid, and there can be some value in terms of seeing what "whales" are doing.

You likely could see that I try to consider more in terms of what each of us can do in order to become our own version of a whale, which is my example of a person with 100 BTC pretty much being set for life if he knows how to manage his BTC.... Surely someone with thousands of BTC is even more of a whale, yet I have my doubts if they are participating in threads like these. but yeah, maybe some of them might from time to time.. yet at the same time, someone with thousands of BTC may well have various other income streams but even if we were to take someone like the draper example, and if you might suggest that over 10 years his 30k BTC stash went down to 29,500-ish, and so over the last 10 years, he might have had lived off of and/or spent 500 BTC for his personal consumption (if maybe we were to assume that the 30k BTC were to be the ONLY thing that he has, which with Draper many of us already knows that he is a venture capitalist, so he has other investments besides merely the 30k BTC that he bought in 2014 during the fed auction.


I cannot argue with any of this, and yeah more and more BIG money is getting drawn into bitcoin, while at the same time, some of the smaller players and those accumulating bitcoin can get distracted by bitcoin's volatility, so each of us surely need to keep some kind of an ongoing BTC accumulation strategy including potentially having several BTC accumulation targets along the way, so it may be a bit unrealistic for a brand new investor who ONLY has a budget of $100 per week for bitcoin to be expecting that he is going to reach 1 whole bitcoin any time soon, and with that kind of a budget, he may well not even reach 1 whole bitcoin in 10 years, unless he is expecting increases in his bitcoin budget and/or possible abilities to invest more at periodic times in the coming 10 years, and I am not even suggesting that there is a need to focus on 1 bitcoin, since the need is more likely to focus on however much BTC that each of us is able to accumulate within our own financial and psychological means.


Of course, the ETFs are buying bitcoin to represent the ETF share ownership of individuals, institutions and/or governments who are buying such ETF shares, and yeah, of course, it is not the same as directly owning the BTC... which can be a bit problematic in regards to bitcoin's being used for direct transactions, which is what brings power to BTC and power to individuals who hold BTC... and surely some might even consider ETFs and other forms of third party interference with BTC direct ownership to be attacks on BTC.. which is not completely untrue.

I would like to point out that during last few years there was big change in population that owns BTC. Few years ago the most owners of BTC wallets were individuals, but now with ETF funds more and more BTC becomes ownership of the banks, trusts and other organisations.

https://river.com/learn/who-owns-the-most-bitcoin/

The example wasn't meant to be a suggestion or anything. Of course everyone can do as they please. But I think there is this misconception that everyone thrives for a target and then blows up all savings on a luxury life. I have seen quite a few people where I wondered why they live that modest lifestyle despite being very wealthy. And I had the pleasure to talk to some of them and it was always the same: when they are young, they think once they have the first million, it must be the Ferrari immediately. Of course some do buy a Ferrari then, but many do not.

As you mentioned before, targets are something people set to have a goal they are thriving for, but that doesn't mean once that target is reached they will instantly change their course of action. In relation to bitcoin it could be price or quantity.  And part of my example was a whale called Draper and there are many more, I checked the number of the biggest wallets and whether the number of wallets > 1 BTC,>10 BTC, >100 BTC, >1,000 BTC ever changed. There was a guy here somewhere claiming that I think smart money is selling at the moment. Seems to not be the case as the number of all whale wallets did at least remain relatively stable for many years. You could argue that from end of 2023 >10,000 BTC wallets dropped from 120 to around 100. But from 2021 to 2023 it first increased from 80 to 120. And ever since 2014 the number of whale wallets >10,000 remains at today's level. It is around 100 wallets. Even if someone empties their bag, someone else seems to be buying it. Obviously there are fluctuations and people took profits over the course of so many years, but there have still been whales gobbling up tons of BTC.

I think those are important indicators for the small guys around here. They may not do that research, read from someone that smart money is leaving the market and then they slowly get into a panic mode and decide to sell immediately at or below their target as if it was a smart decision and a relief. But when you look at the hard facts, bitcoin is doing amazing. Rhetorics about it are changing in all parts of society. Politics, banks, many institutions, former critics and so on. This may not immediately be reflected by price, but I believe it will. Bitcoin has a very strong pull effect as it is brutally resilient.

This is merely my personal opinion, but that DIP was NOT the actual DIP. Follow and study the price and its relationship with the 200-Weekly Simple Moving Average. If you haven't made a lump sum purchase with your savings yet, then it's probably better to DCA 10% of your salary and continue saving the rest while waiting for a crash near the level of the 200-Weekly SMA.

Or if you believe that 10% is too small to DCA, make it 20% monthly divided into weekly purchases - 5% of your monthly salary each week. Although that might be too high for those people who have families to support.

Sometimes I might even make misleading statements.  Of course the different kinds of funds should have priorities, so it is true if you have spent all of your reserve funds, then the ONLY thing that you are going to have left is your emergency fund, and that might already be a sign that you are fucking up if you are going to be dipping into your emergency funds for non emergencies, yet if someone is brand new to investing into bitcoin, he might have had never been in the practice of creating and maintaining any kind of emergency funds or even back up funds greater than just a few weeks of money to cover expenses, yet when someone starts to invest into an asset as volatile as bitcoin, there may be a preference to at least build up an emergency fund that is around equal the size of the bitcoin investment size, at least during the process of the first 3-12 months while the emergency fund is being built up it may well be preferable to simultaneously invest into bitcoin.  It could take some folks a year or even more just to have built up 3 months of emergency fund and an investment into bitcoin that equals the size of the emergency fund, so during any kind of building process if there is any dipping into emergency funds, there is also risks, but there also could be knowledge of what it your ability to replace the amount that you had taken from the emergency fund, so you have a lot of flexibility in terms of borrowing from various funds, and some funds have more priority than others.

Let's say for example, you had spent more than 2 years investing into bitcoin, and you had established an emergency fund that is around 3 months of your expenses, and your bitcoin investment is around 4-5 months of expenses, and you have also begun to save cash in various reserve funds, such as 1) fund to update to a newer model car, 2) fund to take your wife to a nice restaurant / and or go on a short vacation (perhaps just going overnight to a beach location), 3) bicycle for your kid, 4) fund to update your cell phone or computer, 5) fund to replace your refrigerator or your microwave, 6)  funds for buying the BTC price dip and 7) other miscellaneous categories of things that you have on your list of wants.   

You would likely have various priorities within each of the categories of funds, and each category is important in its own right, though some of the items are likely to have a higher priorities than others, yet if you were to have an emergency, you would likely draw from these various categories of reserve funds prior to drawing from the emergency funds, and if bitcoin were to dip in price you already have a category of funds, but you might be willing to take from another category of your reserve funds, but you likely would not want to dip into your emergency fund, so if you have already been creating these categories of funds, you may or may not change your mind regarding how you categorize those extra funds if the BTC price were to drop to a certain enticing level.. and you have the choice about how much you feel that you are able to deviate in terms of your priorities, and maybe all of your reserve funds all together add up to about 1.5 months of your expenses.. but still you have 3 months of emergency funds, 1.5 months of reserve funds, you have around 4 months invested in bitcoin and perhaps you have 1 or 2 weeks of money in your float that might or might not come available based on how much cushion and/or flexibility you might have in your float. 

There is no obvious way forward, and if you might be having some dilemmas regarding the various priorities of the funds, you might have to rethink matters, and if you did end up using some of the reserve money to buy BTC then you should feel some priority to replace that money, even though it might take time to replace the amount that you had used.. and in the meantime, perhaps you have an amount that you had been DCAing into BTC the whole time, so then you might start to wonder whether it is worth all of the stress to be taking from other categories of funds to buy the dip when you already had part of your reserve fund dedicated to buying the dip, so the mere fact that you already used your buy the dip portion, and the BTC price kept dipping, that might not be enough of a reason to tap into other parts of your reserve funds and otherwise create stress upon yourself to have to replace those funds.. yet in the end, you are the sole person who has to decide whether you want to use other funds and if you also want to exhaust your various reserve funds so much that you might end up having to tap into your emergency fund for some reason that would not have had even been an emergency, except for the fact that you had used all of your other reserve funds and you did not have any reserve funds left, so all you have left is your emergency funds, which seems like a place that you should not easily get to.

Yeah actually sometimes we end up complicating ourselves by trying to prove a point, I admit that my framing of work does not explain more better, like I said sometimes we complicate ourselves. But I guess carefulness need to be adhered in other not to go contrary or becoming a kind of misleading person hahaha.

That's hilarious. Actually my intention was not to be extravagant in spending to the extent of using all my reserved fund and hoping to use my emergency fund as backup fund, but I was talking in anticipation of a statement you made sometimes ago concerning using some part of our emergency fund if a person is out of reserved, but I have searched for pages but can't figure out the exact place you made such reference. But anyway thanks for the correction we need to be careful as adults to manage our finances very well so that we can be in position to bail others not others bailing us out.  all other explanation has been Noted.

Your description of the various kinds of back up funds is a wee bit confusing Samlucky O.

Of course you can call them whatever you like, but if you end up fucking up because you are not really using your back up funds properly, and then an emergency comes, you are going to be the one that has to live with the consequences, and yeah some people have others who can bail them out, yet part of being a responsible adult should that we should strive to not have to depend on others to bail us out - and also maybe the more mature that we get, we would not want to put anyone in a position where they have to bail us out, even though from time to time, if we are financially responsible and perhaps more wealthy, we might be bailing others out, perhaps from some form of our reserve funds.

Generally speaking all of the back up funds and any investments that any of us make should be coming out of and being built from our disposable income, so part of the point of any investment is that we would be anticipating our investment portfolio to be growing with time and we are not having to tap into them for any reason outside of some of our own choices regarding how and when to tap into them.

Sometimes people spend many years building an investing and struggling to get it to a certain size, yet they end up engaging in poor cashflow management, and they end up facing some situation(s) in which they are forced to spend from their investment, and if they had engaged in stronger cashflow management, they would have had options which would include to spend from their various backup funds prior to having to tap into their investments, especially their bitcoin investment.

So surely various kinds of back up funds should be considered as having priorities, and the reason that we label emergency fund in that kind of a way, means that we would be in some pretty bad situation that might involve loss of income and/or increases in expenses, so from my thinking if we are engaging in strong cashflow management, we might never have to ever dip into our emergency fund for 20-30 years or even more, because part of the reason that people have emergencies in the first place is because they don't have sufficient back up funds. 

So if emergency funds are something that we never want to touch (or we hope we never get into such a situation that we need to touch them), then we might well have various other funds that we would use prior to even considering touching our emergency funds, and if we are tapping into our emergency funds, we most likely would have had exhausted our other means first... I really doubt that it is a good idea to consider bitcoin price movements as an emergency.. so buying more bitcoin based on some kind of a super opportunistic price dip opportunity would come from the reserves and never end up touching emergency funds.. and  another thing is that for most people, it probably would be good to have at least 3 months of emergency funds, yet if you are a person who has complicated cashflow situations, many family obligations, and perhaps other complications like a business, then you might need to keep more than 3 months of emergency funds.. but surely you would likely already be in the practice of keeping reserves too, so between emergency funds and reserve funds, you might have more than 6 months of expenses that you are able to draw from based on the complicated finances that you have.. and guys have to figure out these kinds of matters for themselves since if they end up fucking up in terms of  a lack of quantity of back up funds (no matter what they call them), then they will be stuck with such consequences. 

Surely guys might have extra sources of income (or different kinds of job that they can do) or they might have property that they could rent out and they might even have some family who are in good positions to help them out, so the size of their backup funds might vary based on some of the other kinds of emergency measures that they should be able to take, yet they still could end up in a situation in which even some of their back up cashflows are not able to generate income for them, so the amount of back up funds they keep for those kinds of possible events remains in their complete discretion, even if they might screw things up at inadvertently become overly aggressive in their BTC investment, without realizing that they had crossed from reasonably aggressive and into a overly aggressive status that might end up blowing up on them and seeming to be more like gambling rather than investing.

Note that reserved fund is a permanent amount set aside to be used for future porpos, it is more likely be called disposable income which is set aside after all priorities has been settled, which may likely be bitcoin investment and family expenses.  So in clear terms emergency fund is a seperate fund set aside for emergency which is from the disposal/reserved fund which is used to settle emergency such as unforseen circumstances/contingency. The emergency fund can as well be used as a reserve fund  when there is short of fund in the reserved.

Setting aside emergency fund is not compulsory that it will last for a longer time frame without touching them. There are also times when surely we undergo some financial constrain, instead of dip diving into bitcoin investment. We use some part of the emergency fund as a reserve to keep the bitcoin investment going till we have some money to refill our reserved.