Don’t you dare use your emergency funds for this dip. DONT YOU DARE

I know I know, the dip is tempting. You looked at your bank account and think: Hey, a couple of grand wouldn’t be that bad, it’s going back up.

Yes, it’s going back up, but not in the short term tho. If you need money for bills, food and accommodation, please stop yourself from doing stupid shit. If you have a DCA schedule, be disciplined and stick with it. If you want to catch falling knives, do it only with your disposable.

I’m saying this because I was once blindly buying and even cashed out my emergency funds. I even have to borrow money from my girlfriend to just survive. Now I’ve learnt my lessons: DCA or buy the dips only with your disposable money.

You don’t have to be like me, and I don’t want you to. Stay sane and stay safe, it’s going to be fine.

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39 thoughts on “Don’t you dare use your emergency funds for this dip. DONT YOU DARE”

  1. I’ve tried buying the dip every day, but my bank has blocked my card and are making me wait for a new one.

    They’re unintentionally helping me get the lowest price it seems.

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  2. People, at the *very* least do not invest what you can’t afford to lose. You can’t afford to lose an emergency fund.

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  3. Just don’t use emergency funds for crypto at all. Or any risky investment… I swear some of the things I read here regarding people piling everything they have into crypto is worrying.

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  4. My tax refund came in this morning. I looked at the dip, and then put all of it into my mortgage principal.

    I feel pretty damn responsible right now.

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  5. Its funny how it’s crashing, everyone is losing money and the first thing you think is shit I need to throw more on the fire 😂

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  6. Alternate title: don’t use your emergency fund period unless it’s an actual emergency (this isn’t an emergency lmao)

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  7. I’m happy that I’ve learned a lesson or 2 in the past year. I’ll keep DCA’ing, but no impulsive all-in shizzle anymore.

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  8. I’m almost 40, a little older than the average Redditor. And I’ve been investing conventionally for 20 years in stocks, real estate and PMs. I’ve lurked in dozens of investment community message boards. This is the only one I’ve seen with so many people in it who are financially illiterate. Nowhere else is advice like this necessary. A lot of you guys are just gambling, some of you guys are just plain desperate and you put all your eggs in this basket. It’s not too late to diversify. Crypto can be part of a modern, smart portfolio. But not most of it. I reserve about 15% allocation for risky investments and I’ll decrease that as I get closer to retirement.

    A lot of you guys have been misled by people here due to greed and inexperience. Those chickens are coming home to roost now. It’s not a big deal as long as you learn from your mistakes. I day traded AAPL in 2007, I would have done much better if I just held on to my shares. Live, learn, adjust your strategy. And consider the possibility you’re not as smart as you think you are. Most people aren’t good investors. Even rich people who run their own businesses hire advisors. If you think you’re smarter than everyone because you have access to Reddit and Google, there’s still a lot you have left to learn.

    EDIT: I just noticed my flair says “BTC critic”, which is funny because BTC is the only coin I hold. I’m a BTC realist, which comes off as criticism here because this place is an echo chamber.

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  9. Pay your bills first and set $ aside for gas, Groceries and a bit for emergencies. Then the rest is play $.

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  10. ETH is looking pretty tempting right now but I fear it might dip further. I bought some at the 2300 “dip” and now see it hovering around the 1800s.

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  11. Calling this crash a DIP is like calling Russias all-out war in Ukraine a “special military operation”

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  12. Yup. People who are eager to buy this dip haven’t seen the worst of it. Projects down 20-50%? That’s nothing. Expect things to fall 80-90% as the entire market retracts hundred of billions of value.

    This is only the beginning. Sub 10k Bitcoin is coming.

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  13. “Yes, it’s going back up, but not in the short term tho.”

    “it’s going to be fine.”

    Well if you need cheering up…….this should help.

    ‘It’s just a flesh wound, I’ve had worse.’

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  14. Maybe if we stopped calling it a dip and just called a drop in value people would be more apt to not throw money away.

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  15. You are talking to the void saying this. People investing their emergency fund in crypto probably don’t know how to read let alone finance.

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  16. This dip isnt done. This is going to be a complete reset of just about all gains. This will not correct until the sell off in the actual stock market does. There is no safe place for money besides bonds (maybe)

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  17. For us Eurotards, we don’t really need a large emergency fund anyway, because we have a healthcare system and don’t risk bankruptcy if we slip on the stairs.

    So you better bet we can load up our bags.

    Reply

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