Emergency Fund for BTC

I thought I will put 2000 USD on the exchange with an open limit order to buy around 1500 – 2000.

I think the chances of that happening are below 5 % at this point in time but I do not think it is a bad idea.

What motivated me is the legal filling exposing Bitfinex tactics and some insider chat from someone named Merlin that said he thought if Bitfinex did not receive funds immediately the BTC price is endangered to go below 1k.

One thought on “Emergency Fund for BTC”

  1. It seems like this did not have the effect that I was expecting. Maybe I am completely wrong on this one. I will evaluate it again in 6 months.

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